Port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is evaluating selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings, two sources familiar with the matter told Reuters. PSA is in the early stages of exploring an exit from CK Hutchison's ports business and some potential bidders have been tapped, said the sources, who did not want to be identified due to the sensitivity of the matter. PSA declined to comment on a Reuters query and both Temasek and CK Hutchison, the conglomerate of retired billionaire Li Ka-shing, also declined to comment.
Europe's second-top court should re-examine an EU antitrust veto against CK Hutchison Holdings Ltd's 10.3 billion pound bid to buy O2 UK from Spain's Telefonica in 2016, an adviser to Europe's top court said on Thursday. Advocate-General Juliane Kokott at the Court of the Justice of the European Union said the General Court's rejection of the EU antitrust veto in 2020 should be dismissed. She recommended that "the General Court's judgment be set aside and that the case be referred back to the General Court for it to provide a fresh ruling on the dispute".
After years of speculation, Vodafone Group Plc (NASDAQ: VOD) confirmed discussions with CK Hutchison Holdings LTD (OTC: CKHUF) about a possible combination of their U.K. businesses. The deal would involve combining Vodafone UK and Three UK, with Vodafone holding 51% and CK Hutchison owning 49% of the new unit. The U.K. Government rightly sees 5G as transformational for the economy and society and critical to the country becoming more competitive in an increasingly digital world. "By combining ou