463 views
CK Hutchison

CK Hutchison cancels sale of Italian network infrastructure to EQT

The deal was called off after conditions were not met.

CK Hutchison called off the sale of a majority stake in its Italian network infrastructure portfolio to Sweden's EQT.

The company said that the termination of the deal was because “conditions precedent to closing of the Transaction were not satisfied.”

As announced in May 2023, the proposed deal for the joint venture was worth $5.04b (US$3.74b), with EQT taking a 60% stake.

Both parties agreed to scrap the deal.

EQT said in a statement that it “will continue to explore alternative infrastructure transactions, including with CK Hutchison should the appropriate opportunity arise."

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.