Deals
Hutchison Considers Exiting ParknShop as It Seeks Telecom Growth
This article is for subscribers only.
Billionaire Li Ka-shing’s biggest company is considering exiting one of the two largest supermarket operations in Hong Kong as it seeks to expand other businesses.
Hutchison Whampoa Ltd., which last month agreed to acquire Telefonica SA’s Irish unit, is conducting a strategic review of supermarket chain ParknShop, the company said in a statement on July 20. The supermarket chain could fetch $3 billion to $4 billion in a sale, said a person with knowledge of the matter, who asked not to be identified as the information is private.