Key Developments: Hutchison Whampoa Ltd (HUWHY.PK)
20.99USD
18 Jun 2013
$0.08 (+0.38%)
$20.91
$21.10
$21.15
$20.92
21,270
24,080
$22.72
$16.33
Latest Key Developments (Source: Significant Developments)
Hutchison Whampoa Ltd And Consortium To Buy Dutch Waste Firm-Reuters
Reuters reported that Cheung Kong (Holdings) Ltd said it will buy Dutch waste processing firm RAV Water Treatment I B.V. for $1.26 billion (EUR943.68 million), in an overseas expansion drive that has targeted infrastructure assets offering steady recurring income. Other partners in the acquiring consortium include Hutchison Whampao Ltd's Cheung Kong Infrastructure Holdings Ltd, Power Assets Holdings Ltd and Li Ka Shing Foundation Ltd. They are buying AVR-Afvalverwerking B.V., owner of RAV Water Treatment I B.V., which processes waste and supplies renewable energy from waste incineration in the Netherlands. Full Article
Telecom Italia SpA Faces Network Sale To Overcome Hutchison Whampoa Ltd Hurdle-Reuters
Reuters reported that if Telecom Italia SpA wants to agree a tie-up with Hutchison Whampoa Ltd, it may first have to sell its strategic fixed-line network to the state. Although the $4 billion plus tie-up has obvious attractions, as it would create large cost-saving opportunities and ease competition pressures at a time when recession is biting into margins, it faces formidable obstacles. Full Article
Telecom Italia SpA Directors To Consider Hutchison Whampoa Ltd Tie-up-Reuters
Reuters reported that Telecom Italia SpA has appointed a panel of directors to consider a proposed tie-up with Hutchison Whampoa Ltd which would make the Hong Kong group Telecom Italia's top shareholder in return for merging their local mobile businesses. After a six-hour board meeting Telecom Italia issued a statement on Thursday saying it has asked its chairman Franco Bernabe and four other board members to examine Hutchison's proposal in a short period of time and see whether it is in its interest to pursue negotiations. Full Article
Telecom Italia SpA Board To Weigh Hutchison Whampoa Ltd Option-Reuters
Reuters reported that the Board of Telecom Italia SpA will meet on Thursday to discuss a potential tie-up with Hutchison Whampoa Ltd, which sources familiar with the talks say is targeting nearly 30% in the Italian group. Chairman Franco Bernabe, under pressure from shareholders to improve margins at debt-laden Telecom Italia, is likely to win permission from the board to deepen talks, which both Telecom Italia and Hutchison said this week are at a preliminary stage. Italian newspaper Il Messaggero on Thursday reported that Bernabe and representatives from Hutchison have already signed a non-binding, confidentiality agreement to continue discussions. Full Article
Telecom Italia SpA Boss Likely To Win Mandate For Talks With Hutchison Whampoa Ltd-Reuters
Reuters reported that Telecom Italia SpA Chairman Franco Bernabe is likely to win a green light from the board to deepen talks with Hutchison Whampoa Ltd said to be targeting 29.9% of the Italian group. The executive will illustrate to a Telecom Italia board meeting on Thursday a proposal by Hong Kong-based Hutchison Whampoa to buy out three Italian investors in Telecom Italia's parent company, called Telco, and swap its mobile business 3 Italia for shares in Telecom Italia. Full Article
Hutchison Whampoa Ltd Targeting 29.9% of Telecom Italia SpA-Reuters
Reuters reported that Hutchison Whampoa Ltd could be targeting a stake of 29.9% in Telecom Italia SpA as part of a deal that would give the Italian company Hutchison's local mobile business, 3 Italia, newspaper Il Messagero reported. The Hong Kong-based group would be willing to buy some Telecom Italia shares at EUR1.2 each in cash in addition to selling 3 Italia for shares in Telecom Italia. This price is twice the current market price of Telecom Italia shares but equivalent to the value that controlling shareholders have booked in their accounts. Full Article
Hutchison Whampoa Ltd Recommends Final Dividend
Hutchison Whampoa Ltd announced that the Board recommends the payment of a final dividend of HKD1.53 per share (2011 – HKD1.53 per share) payable on June 05, 2013 to those persons registered as shareholders of the Company on May 27, 2013, being the record date for determining the shareholders’ entitlement to the proposed final dividend. Full Article
France Telecom SA and Mid Europa Partners Complete Sale of Orange Austria to Hutchison Whampoa Ltd Subsidiary
France Telecom SA (France Telecom-Orange) announced that, together with it partner Mid Europa Partners (MEP), they have completed the sale of their combined 100% stake of Orange Austria GmbH (Orange Austria) to Hutchison 3G Austria Holdings GmbH (Hutchison), a subsidiary of Hutchison Whampoa Ltd. France Telecom-Orange held a 35% stake in Orange Austria and MEP a 65% stake. The sale of Orange Austria, based on an enterprise value of approximately EUR 1.3 billion, provides France Telecom-Orange with cash proceeds of around EUR 70 million for the sale of its equity stake. Full Article
Hutchison Whampoa Ltd Expects EU Approval For France Telecom SA's Orange Austria Buy-Reuters
Reuters reported that Hutchison Whampoa Ltd expects the European Commission to approve its EUR1.3 billion ($1.7 billion) takeover of France Telecom SA's Orange Austria after a linked deal was approved. Full Article
Hutchison Whampoa Ltd's Hutchison 3G And France Telecom SA's Orange Austria Deal Faces Full EU Probe-Reuters
Reuters reported that EU regulators object to Hutchison 3G's agreed EUR1.3 billion ($1.7 billion) takeover of France Telecom SA's Orange Austria and will carry out a full probe, in a move likely to force more concessions to win approval. The European Commission, which has been examining the takeover since June, has said it is worried the deal would cut the number of telecoms operators in Austria to three from four and lead to higher consumer prices. The case is being watched closely by telecoms executives and investors for how it might apply to bigger markets such as Spain, Italy and Germany - which also have four mobile operators and are seen as in need of consolidation. Hutchison, a unit of Hutchison Whampoa Ltd. Full Article
UPDATE 1-Telecom Italia tie-up with Hutchison put back
* Telecom Italia postpones tie-up discussion to future date
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