CK Hutchison hits over 6-year peak on deal to exit VodafoneThree stake

Vodafone

05/05/2026 06:33

** Shares of CK Hutchison 0001.HK jump 4.8% in the second rising session to HK$68.45, their highest level since February 2020

** Stock last up 3.6%, on track for the biggest one-day pct gain since April 8; top pct gainer in Hang Seng Index .HSI, which falls 1.3%

** The Hong Kong conglomerate said on Tuesday its telecoms unit has agreed to a buyout of its 49% stake in UK mobile operator VodafoneThree, for 4.3 billion pounds ($5.81 billion)

** The stake is held by CK Hutchison Group Telecom Holdings (CKHGT), a unit of the Hong Kong conglomerate. VodafoneThree is currently owned 51% by Vodafone Group VOD.L and 49% by CKHGT

** CK Hutchison said the deal would allow it to monetise its investment at an attractive valuation and generate substantial cash proceeds for the group

** YTD, stock up 27.6%, Hang Seng Composite Index on conglomerates .HSCIC up 19.6%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))