CK Hutchison reviews options for European telco assets

Hong Kong conglomerate CK Hutchison is reviewing options for its European telco unit with a view to reducing its holdings in the overall business, six people with knowledge of the situation said.

In reviewing its options as recently as this year, the ports-to-telecoms conglomerate has discussed a potential spin-off with a view to IPO its European telecoms assets, three of the people said, a sale of the unit as a bloc, a fourth person said, or continuing being open to selling controlling stakes in some countries, a fifth person added.