Hutchison seeks EU OK for Vimpelcom deal with concessions

June 7, 2016 9:25 PM

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BRUSSELS CK Hutchison Holdings has offered to strengthen rivals such as Swisscom's Fastweb in return for EU antitrust approval for its plan to merge its Italian mobile business with that of Vimpelcom, a person familiar with the matter said on Tuesday.

The European Commission said on Tuesday that Hutchison has offered concessions in a bid for EU approval of the deal. Hutchison, controlled by Asia's richest man, Li Ka-shing, put in its proposal on Monday, according to a filing on the commission's website, without providing details.

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