A PYMNTS Company

EU: Hutchison seeks okay for Vimpelcom deal with concessions

By  |  June 7, 2016

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.