Hanwha Systems US$300m investment in OneWeb
South Korea's Hanwha Systems took an 8.8% stake in OneWeb with a board seat. The stake later became about 5.4% of Eutelsat after the 2023 combination.
- Company
- OneWeb
- Type
- Strategic investment
- Status
- Completed
- Date
- 12 Aug 2021
- Value
- US$300m
- Value basis
- US$300m for an 8.8% stake
- Region
- UK
- Segment
- Satellite operators
Parties
- OneWeb issuer
- Hanwha Systems investor
Key terms
- Stake
- 8.8%
- Governance
- One board seat
- Expected closing
- First half of 2022, subject to approvals
Sources
- Eutelsat press release: raises its shareholding in OneWeb (refers to Hanwha's investment; filed with the AMF) echanges.dila.gouv.fr · 6 Oct 2021
- Tech.eu: OneWeb sees US$300m investment from Hanwha Systems tech.eu · 12 Aug 2021
Record ORB-INV-2021-0031. Investments are kept apart from the financings register and never counted in debt totals.
