RSCC fights to retain Eutelsat shares_25.08.2015
RSCC fights to retain Eutelsat shares_25082015
The Russian Satellite Communications Company (RSCC) is trying to hold on to the 36 million shares it holds in Eutelsat.
Kommersant reports that the package of shares is disputed with Orion Satellite Communication, which negotiated the purchase of the shares from RSCC in 2001 for €23 million but did not provide securities.
It adds that during a review of the commercial dispute, a court in Paris suspected fraud and launched an investigation.
Kommersant was unable to obtain comments on the dispute from either the RSCC or Federal Property Management Agency.