Li ka-shing processing assets such as HongKong and watsons to conquer Europe telecommunications

On October 3, according to the south China morning post reported that li ka-shing may by processing assets to raise 100 billion Hong Kong dollars, such as Hong Kong electric lights and watsons, pave the way for conquering Europe telecommunications. Investment banker said, li has look into Europe, the European debt crisis has made the region of the asset impairment, so as to create conditions for mergers and acquisitions. Clsa analyst pointed out that, hutchison whampoa, the retail business in Europe, infrastructure and telecommunication operation business operating profits are achieved double-digit year-on-year growth this year, the increasing momentum can make up for the slow growth of Hong Kong market. Since the beginning of last year, li ka-shing's hutchison whampoa has spent about $4 billion in Europe completed four large-scale telecommunications deal, it is the company's largest trading since 1995. Hutchison whampoa has a number of European countries mobile network operations, including Italy, Britain, Denmark, Sweden, Austria, Ireland, and Australia. In June, hutchison whampoa, $7. $800 million acquisition of telefonica's O2 Ireland mobile business. In January of this year, hutchison whampoa and Austria also wireless operator Orange reached a $1. 3 billion deal. Hutchison whampoa and telecom italia trade talks in July, but the market sources said hutchison whampoa is still looking for trading opportunities, to promote the integration of the telecommunications market and expand the hutchison whampoa, the operating range. To raise funds for the acquisition, hutchison whampoa, decided to give up a series of assets Hong Kong and mainland China. Market sources said, li ka-shing, the latest move by splitting the watsons listed to raise 78 billion yuan. In addition, hutchison whampoa, also plans to sell electric power business in Hong Kong at the end of the year equity ( HongKong electric power industry) Raise about hk $38 billion. Hutchison whampoa, also decided to sell parknshop to raise hk $30 billion. Shanghai, guangzhou and shenzhen real estate by li ka-shing also take out for sale. Li ka-shing said in July, due to the Hong Kong housing market slowdown, plus the government's measures to cool, he will turn and raise its share of the telecom market in Europe, opportunities for mergers and acquisitions. Credit suisse said in a research report released yesterday, new revenue hutchison whampoa, the debt ratio will be significantly reduced by half 20% to 25% level. Hutchison's shares rallied yesterday. 3. 3% to six years. From: the south China morning post