United Kingdom

CK Hutchison Holdings Ltd (0001.HK)

0001.HK on Hong Kong Stock

15 Feb 2018
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Latest Key Developments (Source: Significant Developments)

CK Hutchison says European Commission approves plan to merge its Italian mobile unit Vimpelcom's<0001.HK>
Thursday, 1 Sep 2016 

CK Hutchison Holdings Ltd <0001.HK>: European commission approves the joint venture of 3 Italia S.P.A. and wind acquisition holdings finance S.P.A. <0001.HK> . Says on 1 September 2016, the commission announced its decision to approve the transaction . Says transaction expected to complete in the fourth quarter of 2016 .  Full Article

CK Hutchison says HY net profit HK$14.92 bln<0001.HK>
Thursday, 11 Aug 2016 

CK Hutchison Holdings Ltd <0001.HK>: Unaudited results for the six months ended 30 June 2016 <0001.HK> . Says interim dividend per share hk$0.735 . HY total revenue hk$ 180.511 billion versus hk$197.02 billion a year ago . HY net profit hk$14.92 billion up 3% . Retail division plans net openings of over 800 stores in H2 2016, with 65% under health and beauty format in mainland and certain Asian countries . Group's current businesses both in the UK and in Europe are expected to continue to generate stable and reasonable returns" . Cautiously optimistic in the group's future prospects .  Full Article

CK Hutchison updates on O2 UK mobile bid<0001.HK>
Wednesday, 11 May 2016 

CK Hutchison Holdings Ltd <0001.HK>: Commission announced its decision to prohibit the transaction under the European union merger regulation . Refers to potential acquisition of O2 UK subscription by co-investors of shares in the combined business of 3 UK and O2 UK . Company is studying the commission's decision . As a result of the commission's decision, and as the conditions precedent to completion of the transaction will not be waived or satisfied . Company studying commission's decision; will consider all options including possibility of an appeal against the decision to European Union General Court . Purchase agreement will terminate on 30 June 2016 .  Full Article

Spain's Telefonica sticks to dividend policy after EU veto of O2 sale
Wednesday, 11 May 2016 

Spain's Telefonica :Says it was sticking to its dividend policy and its financial targets after the European veto of the sale of its 02 unit to Hutchison <0001.HK>.  Full Article

CK Hutchison Holdings Ltd - EU antitrust regulators to block Hutchison's O2 deal - sources - Reuters News
Monday, 25 Apr 2016 

CK Hutchison Holdings Ltd:European Union antitrust regulators will veto CK Hutchison Holdings's 10.3-billion-pound ($14.9 billion) bid to become Britain's biggest mobile operator, two people familiar with the matter said on Monday. - RTRS.The European Commission will this week seek the green light from national competition agencies for its decision, the people said.Such a move is usually a formality. Hutchison, controlled by Asia's richest man Li Ka-shing, had faced an uphill battle getting EU clearance for its proposed buy of Telefonica's UK mobile unit O2.A package of concessions designed to boost smaller rivals failed to address Commission concerns that the deal may result in higher prices for consumers and less competition in Britain, the people said.  Full Article

CK Hutchison Holdings Ltd - EU regulators extend Hutchison, Vimpelcom deal probe by a week - Reuters News
Thursday, 21 Apr 2016 

CK Hutchison Holdings Ltd:European Union antitrust regulators have extended their investigation into a plan by CK Hutchison Holdings and Vimpelcom to merge their Italian mobile businesses after the companies asked for more time. - RTRS.The European Commission said it would now decide by Aug. 18 instead of Aug. 10 whether to clear the 21.8 billion euro ($24.6 billion) deal, which would create a stronger player to Telecom Italia and Vodafone.The deal faces stringent scrutiny because it would reduce the number of Italian mobile network operators to three from four.Hutchison is already facing an uphill battle to get EU approval for a similar four-to-three acquisition in the UK."The deadline was extended at the parties' request, as allowed for by the Merger Regulation," Commission spokesman Ricardo Cardoso said in an email.  Full Article

BRIEF-Italy's Wind Tre Says has respected law, in response to antitrust billing probe