Deals
CK Hutchison Reviewing $1 Billion Italy Tower Portfolio
- Hong Kong conglomerate works with advisers on strategic review
- Formal sale process for assets could start before year-end
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CK Hutchison Holdings Ltd. is weighing options for its mobile phone towers in Italy, including a potential sale, as the conglomerate seeks to cut debt after taking full control of its wireless unit in the country, people familiar with the matter said.
CK Hutchison, led by Chairman Victor Li, is working with advisers on a strategic review of the Italian towers, according to the people, who asked not to be identified because the information is private. A sale could value the portfolio at around $1 billion, depending on the assets that are ultimately included, the people said.