Bloomberg quoted people familiar with the matter and said that the Hong Kong Yangtze River Hutchison Industrial Corporation will sell most of its Italian network infrastructure portfolio to Yin Tuo, a private equity company.Changhe will get approximately 3. billion euros (about S $ 4.4 billion) through this transaction.
According to reports, people familiar with the matter said that Changhe is finalizing the infrastructure assets of the Italian subsidiary Wind Tre SPA to a new company and selling 60%of the equity to Yin Tuo's transaction.
Wind Tre the union of Wind Tre, the third largest mobile operator in Italy, said at the end of last month that the company plans to sell 60%of its wholesale online assets to Yin Tuo.They did not disclose financial terms.
Bloomberg reported in January that in recent years, it has sold the long sum of some European infrastructure assets, and has been considering spinning the remaining Italian online assets to raise funds.
Reported at the time quoted people familiar with the matter at the time that the company had conducted preliminary consultations with Yin Tuo on potential transactions.
