Home › Hutchison Whampoa eyes 29.9% of Telecom Italia - report
 

Keywords :   


Hutchison Whampoa eyes 29.9% of Telecom Italia - report

2013-04-09 11:35:00| Telecompaper Headlines

(Telecompaper) Hutchison Whampoa wants to acquire a 29.9 percent stake in Telecom Italia and said it will pay EUR 1.20 cash for the shares, Italian daily Il Messaggero reported. This is twice Telecom's Italia's current share price but equal to the valuation of the shares by the company's largest shareholder, the Telco consortium. Hutchison Whampoa's adviser Goldman Sachs sent a Memorandum of Understanding to Telecom Italia head Franco Bernabe on the proposal, the paper's sources said. This would make Hutchison the biggest shareholder in the Italian operator and forms part of talks to merge its unit 3 Italia with Telecom.

Tags: report eyes italia telecom

Category:Telecommunications

Latest from this category

All news
»
05.11NI rise hits workers harder than employers, says OBR
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Wind Speed Probabilities Number 8
05.11Tropical Storm Rafael Public Advisory Number 8
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Forecast Advisory Number 8
05.11Lenzing Expands Nonwovens Range
05.11Netflix Europe offices raided in tax fraud probe
More »