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Spaced out - France sells its remaining stake in Arianespace


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Spaced out - France sells its remaining stake in Arianespace

French media reports say the government is selling its remaining 34% stake in Arianespace, the publically-financed world number one satellite launcher being snapped up Airbus Safran Launchers for a reported price of between one and two hundred million euros.

The decision will be officially announced on the opening day of the Le Bourget airshow on June 15.

ASL will now own 75% of the capital of the company that commercialises and launches the Ariane, Soyuz and Vega programmes from the Kourou site in Guiana.

In part the privatisation has been spurred by the up-and-coming rival SpaceX.