BRUSSELS (Reuters) - CK Hutchison (0001.HK) has offered concessions to address EU antitrust concerns about its 2.45-billion-euro ($2.8 billion) buyout of its partner Veon’s (VON.AS) stake in Italian mobile operator Wind Tre, the European Commission said on Friday.
For loss-making Amsterdam-based telecoms group Veon, formerly known as VimpelCom, the sale marks its exit from western Europe.
Hutchison submitted its offer on Aug. 9, a filing on the EU competition website showed on Friday, without providing details. It set a new deadline of Aug. 31 to decide whether to clear the deal.
Regulators looking for concessions in such mergers typically require asset sales or pledges from companies that they will allow rivals access to networks or services under certain conditions.
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Reporting by Foo Yun Chee; editing by Jason Neely