CK Hutchison Holdings has offered concessions in a bid to secure EU antitrust approval for its plan to merge its Italian mobile business with that of Vimpelcom, the European Commission said on Tuesday.
The move came a month after EU competition enforcers blocked its bid to acquire British mobile operator O2 from Spanish provider Telefonica.
Hutchison, controlled by Asia’s richest man Li Ka-shing, put in its proposal on Monday, according to a filing on the Commission’s website, without providing details.
Full Content: Reuters
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