It's Official - Vodafone-CK Hutchison Finally Discloses Merger Deal Of UK Businesses
Portfolio Pulse from Lekha Gupta
Vodafone Group PLC (VOD) has signed a deal to merge its UK telecommunication business with CK Hutchison Group Telecom Holdings Limited (CKHGT), a subsidiary of CK Hutchison Holdings Ltd (CKHUY) (CKHUF). The combined company will have an enterprise value of around £15 billion and is expected to deliver over £700 million of annual cost and capex synergies by the fifth full year post-deal closure.
June 14, 2023 | 3:32 pm
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CK Hutchison Holdings Ltd (CKHUY) (CKHUF) subsidiary CK Hutchison Group Telecom Holdings Limited (CKHGT) merges with Vodafone Group PLC (VOD) to create a combined company worth £15 billion.
The merger will create a combined company with an enterprise value of around £15 billion, which is expected to deliver over £700 million of annual cost and capex synergies by the fifth full year post-deal closure. This is a significant deal for CK Hutchison Holdings Ltd, and the positive impact on its stock price is likely due to the potential synergies and increased competitiveness in the UK telecommunication market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Vodafone Group PLC (VOD) merges its UK business with CK Hutchison Group Telecom Holdings Limited (CKHGT), creating a combined company worth £15 billion.
The merger will create a combined company with an enterprise value of around £15 billion, which is expected to deliver over £700 million of annual cost and capex synergies by the fifth full year post-deal closure. This is a significant deal for Vodafone, and the positive impact on its stock price is likely due to the potential synergies and increased competitiveness in the UK telecommunication market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100