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COMPANY	SECTOR	ACTIVITY
EUTELSAT COMMUNICATIONS	Concessions	Satellite Operations
SES	Concessions	Satellite Operations

ALPHAVALUE

Founded in 2007, AlphaValue is the world's leading provider of Independent European Equity and Credit Research. We provide comprehensive, unconflicted research-only (no execution, no corporate finance) coverage of c. 462 European mid and large cap stocks. We have an average of 46% of negative recommendations at any one time.

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