SES shareholder pushes to curb state control to tackle market challenges

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SES shareholder pushes to curb state control to tackle market challenges

A shareholder with more than 7% of SES’ economic interests is calling for reduced state control over the Luxembourg-based satellite operator, arguing that greater independence is needed to tackle mounting challenges. The post SES shareholder pushes to curb state control to tackle market challenges appeared first on SpaceNews.

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Shareholder calls for smaller Luxembourg government role in SES

Appaloosa, which owns just over 7% of satellite pioneer, submits proposals to alter relationship which has existed since firm’s foundation

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The investment company Appaloosa, which claims 7% of SES, calls for a reduction in the influence of the Luxembourg state in the governance of the satellite operator. It also calls for a "strict" programme of remuneration of shareholders.