HK tycoon Woo's Wharf agrees to sell telecom unit to TPG, MBK for $1.2 billion - source

HK tycoon Woo's Wharf agrees to sell telecom unit to TPG, MBK for $1.2 billion - source
 

Hong Kong tycoon Peter Woo's Wharf Holdings Ltd has agreed to sell its telecom business to a consortium of TPG Capital Management LP and MBK Partners for HK$9.5 billion ($1.22 billion), a person familiar with the matter told Reuters on Tuesday.
The field of contenders to buy the business had narrowed to the TPG-MBK group and telecom firm HKBN Ltd after Wharf received about half a dozen final bids earlier this month.
TPG and MBK declined to comment, while Wharf didn't immediately respond to a Reuters request for comment.
The person familiar with the matter declined to be identified because... read more

 
4 October 2016 in Business, Views: 36
Source: Reuters
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