Shares of Hutchison Whampoa Ltd jumped more than 4 per cent after resuming trade on Friday, following confirmation the conglomerate was in talks to buy Telefonica SA’s British mobile phone unit O2.
Hong Kong’s Hutchison Whampoa, backed by Asia’s richest man Li Ka-shing, said on Friday it had entered into exclusive talks to buy O2 for up to £10.25 billion ($15.4 billion).
Trading in the stock was suspended on Friday morning pending a statement.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.