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Top related persons:
Bobby Yip HONG - 1 CK Hutchison - 1 Hutchison - 1 Clare Jim - 1 Paul Sandle - 1 Kate Holton - 1
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Hong Kong China Bobby Yip HONG KONG London
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CK Hutchison Holdings - 1 REUTERS - 1 Vodafone - 1 CK - 1 HK - 1 British - 1 Hutchison - 1 BT's - 1

Search resuls for: "CK Hutchison Holdings"


6 mentions found


☆ Exclusive: Vodafone and Hutchison to announce UK merger as soon as Friday
  + stars: | 2023-06-07 | by ( ) www.reuters.com   time to read: +1 min
[1/2] FILE PHOTO: The company logo of CK Hutchison Holdings is displayed at a news conference in Hong Kong, China March 17, 2016. REUTERS/Bobby YipHONG KONG/LONDON, June 7 (Reuters) - Vodafone (VOD.L) and CK Hutchison (0001.HK) are in the final stages of agreeing to merge their British operations, with a long-awaited announcement expected as soon as Friday or early next week, three sources have told Reuters. Including debt the deal could be valued at around 15 billion pounds ($18.6 billion), according to analysts. The deal will face intense scrutiny from regulators who have previously opposed deals that reduce the number of networks in major markets from four to three. ($1 = 0.8061 pounds)Reporting by Clare Jim in Hong Kong and Paul Sandle in London; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.
Persons: Bobby Yip HONG, CK Hutchison, Hutchison, Clare Jim, Paul Sandle, Kate Holton Organizations: CK Hutchison Holdings, REUTERS, Vodafone, CK, HK, Reuters, British, Hutchison, BT's, VM O2, Telefonica, Liberty Global, Thomson Locations: Hong Kong, China, Bobby Yip HONG KONG, London
☆ Exclusive: Malaysian tycoon weighs selling a stake in $2.7 bln port business -sources
  + stars: | 2023-05-22 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com   time to read: +2 min
His conglomerate MMC Corp may sell a stake of up to 30% in MMC Ports, said one of the people, adding that financial investors and companies have approached MMC Corp about their interest in the ports business. A sale could be a precursor to a potential MMC Ports listing on the Malaysian stock exchange in a few years, said the sources. MMC Corp and MMC Ports did not respond to requests seeking comment. MMC Ports has seven ports in Malaysia - Port of Tanjung Pelepas, Johor Port, Northport, Penang Port, Tanjung Bruas Port, SPT Services and Andaman Port, according to its website. MMC Corp also owns stakes in Malaysia's largest independent power producer Malakoff Corp (MALA.KL) and the country's only supplier of reticulated natural gas in Peninsular Malaysia, Gas Malaysia (GASM.KL).
☆ MSC, world's biggest shipping company and U.S.-China trade bellwether, isn't talking like a recession is coming for economy
  + stars: | 2023-03-01 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +5 min
"The return post-Chinese New Year has been positive," Toft said. SONAR FreightWaves data shows the slow pick up in global freight orders post-Chinese New Year. Ocean freight rates, which were the largest inflationary pressure on products, have dropped sharply back to pre-pandemic levels. Rejections for ocean freight have increased, which means containers filled with product for the current or upcoming season are delayed. At a time when ocean carriers are increasingly canceling sailings because of the decrease in ocean freight orders, MSC has responded by increasing the size of its fleet.
☆ Australia blocks Telstra-TPG wireless internet deal, sparking legal fight
  + stars: | 2022-12-21 | by ( Byron Kaye | ) www.reuters.com   time to read: +3 min
SYDNEY, Dec 21 (Reuters) - Australia's antitrust regulator blocked an asset transfer deal between Telstra and TPG, the country's No.1 and No.2 wireless internet firms, citing competition concerns, setting the scene for a legal battle over access to four million customers. In a deal announced in May, Telstra Group (TLS.AX) was to buy spectrum - airwaves which carry wireless internet - and transmission towers from TPG Telecom Ltd (TPG.AX), while TPG would keep selling 4G and 5G coverage using what would become Telstra's infrastructure. 3 wireless internet provider Optus, owned by Singapore Telecommunications (STEL.SI), opposed the deal saying it would build Telstra's market dominance. The decision sets up a second legal showdown between TPG and the ACCC in just over two years. "By knocking back this deal, the ACCC has helped ensure that our regional communities will continue to benefit from competition," said Optus CEO Kelly Bayer Rosmarin in a statement.
☆ Exclusive: Temasek's PSA evaluates multi-billion dollar exit from Hutchison Ports-sources
  + stars: | 2022-12-09 | by ( Anshuman Daga | ) www.reuters.com   time to read: +2 min
SINGAPORE, Dec 9 (Reuters) - Port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is considering selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings (0001.HK), two sources familiar with the matter told Reuters. PSA, the world's second-biggest container terminal operator, whose global network encompasses 160 locations in 42 countries, had acquired the stake in the Hong Kong-based conglomerate's ports business for $4.4 billion in 2006. Both Temasek and CK Hutchison, the conglomerate of retired billionaire Li Ka-shing, declined to comment. Temasek reported a nearly 6% rise in its portfolio value to a record S$403 billion ($297 billion) in the year to March 2022. Economic conditions have worsened since then, with global markets selling off along with a sharp increase in interest rates.
☆ Workers strike again at UK's largest port Felixstowe in threat to holiday shipments
  + stars: | 2022-09-27 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +4 min
The dockworkers at Felixstowe, the largest port in the UK, have started an eight-day strike in protest over their wages and inflation, overlapping with an ongoing strike at Port of Liverpool. Together, the two port strikes threaten imports and exports across industries —much bound for the U.S. — during a critical ramp up in the holiday shipping season. The combined value of weekly trade that moves out of the ports of Felixstowe and Liverpool, according to MDS Transmodal, is nearly $7 billion. The Port said in a statement Tuesday that it was "very disappointed that Unite has announced this further strike action. "This time, it's more likely that supply chains will be under pressure and trade could be affected by the overlapping Liverpool strike," warned Brazil.
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