Hutchison Telecommunications (Amsterdam) B.V. Announces Takeover Bid for Australian Subsidiary

Hutchison Telecommunications (Australia) Limited ( (AU:HTA) ) has shared an announcement.

Hutchison Telecommunications (Amsterdam) B.V. has announced its intention to make an off-market takeover bid for the remaining shares of Hutchison Telecommunications (Australia) Limited that it does not already own. The offer includes a cash price of A$0.032 per share, representing a significant premium over recent trading prices. The bid is subject to several conditions, including acquiring at least 97% of HTAL’s issued shares. The acquisition has already received Australian foreign investment approval, and the offer is expected to open for acceptance by early June 2025.

More about Hutchison Telecommunications (Australia) Limited

Hutchison Telecommunications (Amsterdam) B.V. (HTABV) is an indirect wholly-owned subsidiary of CK Hutchison Holdings Limited (CKHH), a Hong Kong-based multinational conglomerate. CKHH operates in various sectors, including ports and related services, retail, infrastructure, and telecommunications across approximately 50 countries.

Average Trading Volume: 128,354

Technical Sentiment Signal: Sell

Current Market Cap: A$285M

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