Vodafone-CK Hutchison Merger Announcement Could Come Next Week: Report – Vodafone Group (NASDAQ:VOD)

  • Vodafone Group Plc vod And CK Hutchison Holdings Limited CKHUF They are said to be in the final stages of agreeing to combine their UK businesses.
  • An announcement is expected this Friday or early next week. reuters informed of.
  • The terms of the deal are the same as those announced last October.
  • The deal would involve a combination of Vodafone UK and Three UK, with Vodafone holding 51% and CK Hutchison 49% owner of the new entity,
  • The deal values ​​the combined group’s equity at £9bn, with £6bn of debt. taking its enterprise value to £15 billion,
  • The deal would create the UK’s largest mobile operator, with around 27 million customers, and could face increased scrutiny from regulators, the report said.
  • Last month, Vodafone reported FY23 revenue growth of 0.3% YoY to $49.05 billion, missing the $49.73 billion consensus, and adjusted EPS of $0.12, Losing Consensus of $1.15,
  • Vodafone generated $5.2 billion in free cash flow.
  • price action: Last Check Wednesday VOD shares are trading 1.25% higher at $9.70 premarket.

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