• Most Popular
  • Most Shared

Hutchison seeks to sell Partner stake -newspaper

Mon Jun 8, 2009 5:02am EDT

Stocks

   

TEL AVIV, June 8 (Reuters) - Hutchison Whampoa (0013.HK) of Hong Kong has hired Amikam Cohen to find a buyer for its controlling stake in Partner Communications (PTNR.O), Israel's second-largest mobile phone operator, TheMarker financial newspaper said on Monday.

Cohen, who is chairman of El Al Israel Airlines (ELAL.TA), was Partner's first chief executive officer.

Partner (PTNR.TA) is 51 percent owned by Hutchison Telecommunications International (2332.HK), which is controlled by Hutchison Whampoa.

Partner has a market cap of 10.9 billion shekels ($2.7 billion).

According to TheMarker, one of the potential buyers is the Israeli communications group Eurocom, a shareholder in the YES satellite television operator.

($1 = 4.0 shekels)

(Reporting by Tova Cohen, editing by Will Waterman)

((telaviv.newsroom@reuters.com; +972-9-899-0222; Reuters Messaging: tova.cohen.reuters.com@reuters.net)) Keywords: PARTNER HUTCHISON/

(C) Reuters 2009. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nL8532438


More from Reuters

A Greenpeace activist dressed as one of the "Four Horsemen of the Apocalypse" rides outside the parliament building during a brief protest in Copenhagen December 13, 2009. REUTERS/Christian Charisius

The face of climate protest

Protesters around the globe called for an end to global warming as climate talks in Copenhagen entered their sixth day.  Video 

    Climate conference
    Iraq's Oil Minister Hussein al-Shahristani attends a tender in Baghdad June 30, 2009.REUTERS/Thaier al-Sudani

    Ready for business

    With enough oil deals on the table to quadruple its output capacity, Iraq is in a strong position when it enters quota talks with OPEC. But a number of challenges may unhinge its ambitious plans.  Full Article 

    Commodities
    In this photo reviewed by the U.S. Military, a guard leans on a fencepost as a Guantanamo detainee (L) jogs inside the exercise yard at Camp 5 detention center, at the U.S. Naval Base in Guantanamo Bay, January 21, 2009. REUTERS/Brennan Linsley/Pool

    Life after Guantanamo

    Critics are worried that Gitmo prisoners once dubbed "enemy combatants" will be using prisons as pulpits for anti-American rhetoric once they're moved to U.S. soil.  Full Article 

    U.S.