July 3, 2018 / 5:23 AM / 3 months ago

REFILE-Veon sells stake in Wind Tre for $2.8 bln to reduce debt

(Corrects spelling of CK Hutchison name, changes Reuters instrument code)

AMSTERDAM, July 3 (Reuters) - Mobile telecommunications company Veon on Tuesday said it will sell its stake in Italian operator Wind Tre to partner CK Hutchison for 2.45 billion euros ($2.85 billion), in an effort to significantly reduce its debt level.

The company also said it had made an offer to Global Telecom Holding to acquire the parts of its businesses in Pakistan and Bangladesh it doesn’t already own for approximately $400 million. ($1 = 0.8598 euros) (Reporting by Bart Meijer)

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