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CK Hutchison unit to exit VodafoneThree stake for $5.81 billion

May 5 (Reuters) - Hong Kong conglomerate CK Hutchison 0001.HK 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.

($1 = 0.7397 pounds)

(Reporting by Roshan Thomas in Bengaluru; Editing by Rashmi Aich)

((Roshan.Thomas@thomsonreuters.com;))

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