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Wireless

Hutchison to consider IPO for merged 3-O2 UK

Monday 21 September 2015 | 09:11 CET | News
CK Hutchison will consider a stock market listing for O2 UK after its merger with 3 UK is completed, chairman Canning Fok told the Financial Times. The company already agreed to sell a third of the merged company for GBP 3.1 billion to the investors Canada Pension Plan Investment Board, GIC of Singapore, Limpart Holdings (a subsidiary of the Abu Dhabi Investment Authority), CDPQ of Quebec and BTG Pactual of Brazil. Fok said the new investors had a "liquidity requirement" and an IPO would be considered to offer them an eventual exit. He declined to give a timeframe for when an IPO could take

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Categories: Mobile & Wireless
Companies: 3 Italia / 3 UK / O2 UK / Vimpelcom / Wind
Countries: United Kingdom
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