Deals
Hutchison Whampoa Said to Near Deal to Buy Orange in Austria
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Hutchison Whampoa Ltd., billionaire Li Ka-shing’s biggest company, is nearing a deal to acquire Orange Austria, the mobile-phone operator owned by France Telecom SA and buyout firm Mid-Europa Partners, according to people with knowledge of the matter.
A transaction that may value Orange Austria at about 1.4 billion euros ($1.8 billion), including debt, may be finalized within weeks, the people said, declining to be identified as the talks are private. France Telecom may receive about 100 million euros in cash from the sale of its 35 percent stake, one of the people said.