Eutelsat shares rebound after SoftBank's sell-off, rising 6%

Eutelsat Communications SA

04/12/2025 12:25

** Shares of French satellite operator Eutelsat ETL.PA are up 6% after rising as much as 8%, leading gains on France's SBF 120 index .SBF120

** "'It’s a bounce after yesterday’s fall in the aftermath of the Softbank placement of rights," an equity analyst who asked not to be named told Reuters

** The shares are recovering from an 8% slump caused by SoftBank's 9434.T sale of 36 million rights on Wednesday

** About 2 million shares of Eutelsat have traded so far on Thursday, about 103% of their 30-day moving average full-day volume

(Reporting by Leo Marchandon)

((Leo.marchandon@thomsonreuters.com))