H3G IPO will go ahead, says Hutch

7 Nov 2005

Hutchison Whampoa has denied that it is considering postponing the IPO of its Italian 3G business after media reports suggested it was worried it might not achieve its EUR12 billion evaluation. Hutch is thought to be in talks with a number of banks about the planned sale of EUR2.5 billion worth of shares in Hutchison 3G Italia (H3G). The IPO is scheduled to begin in December.

Italy, CK Hutchison