Trending: Vodafone, CK Hutchison Combine U.K. Businesses
June 15 2023 - 12:14AM
Dow Jones News
0344 GMT - CK Hutchison Holdings and Vodafone Group are among
the most mentioned companies in the news over the past 12 hours,
according to Factiva data, after the pair said they are combining
their United Kingdom businesses. The deal, which was flagged late
last year, would create the U.K.'s largest mobile operator, with 27
million customers and a value of 7 billion pounds ($8.83 billion),
according to Vodafone. Vodafone will own 51% of the combined
business with Hong Kong-listed CK Hutchinson owning the other 49%.
CK Hutchison Holdings recently traded 0.2% lower at HK$48.75, and
Vodafone ADRs rose 1.1% overnight. Dow Jones & Co. owns
Factiva. (jacques.vanwersch@dowjones.com)
(END) Dow Jones Newswires
June 14, 2023 23:59 ET (03:59 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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