Apollo Investment Fund is considering buying a stake in Hutchison’s partner


0

Hong Kong-based Hutchison holds 27% of Israeli partner communications.

Apollo Investment Fund examines the possibility of buying a stake in Hutchison based in Hong Kong Partner Communications Ltd. (Nasdaq: PTNR; LEVEL: PTNR). The fund has been considering the agreement for several months, and it is clear that negotiations have now progressed. Hutchison has a 27% stake in Partner. The shares are held by the commissioner, due to difficulties in granting a control license to a Chinese company in an Israeli telecommunications company, due to a US veto.

Hutchison has so far been in no hurry to sell the shares as he waited for Partner’s share price to rise.

Hutchison received stakes in Partner when Haim Saban, the company’s previous controlling shareholder, regained his ownership, following a $ 300 million payment request in connection with a loan he took from Hutchison to finance a deal in which Hutchison bought a stake in Partner.

Posted by Globes, Israeli Business News – en.globes.co.il – August 5, 2021

© Copyright Globes Publisher Itonut (1983) Ltd. 2020


Partner

Partner

Shiri Habib-Waldhorn and Gad Perez


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Stacy

0 Comments

Your email address will not be published. Required fields are marked *