Inmarsat in $3.3bn takeover negotiations

Inmarsat in $3.3bn takeover negotiations

UK-based satellite communications group Inmarsat has received a $3.3bn cash takeover offer from a consortium led by Apax Partners and Warburg Pincus International.

According to the company, the consortium made the offer on January 31 and the proposal remains under discussion and the consortium also includes two Canadian pension funds, Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan.

“There can be no certainty as to the terms on which any offer would be made. Nor is it certain that the discussions will lead to any firm offer for the company,” Inmarsat said.

The consortium has until April 16 to make a formal offer.

Last year, US satellite company EchoStar gave up a plan to take over Inmarsat.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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