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Hutchinson Whampoa

Family Business Roundup: Maersk, Hutchinson Whampoa, and Comcast

May 13, 2016

Maersk Line posts huge fall in profit; Three’s takeover of O2 blocked by EU; and Comcast pays founder's widow $490 million to settle

Maersk Line posts huge fall in profit

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, reported a 94.9% drop in profits to $37 million its first quarter, compared to the same period in 2015.

According to the Danish shipping giant, revenue for the first quarter was $4.97 billion, which equates to 20.5% fall over last year.

Infographic: Hong Kong family businesses

March 13, 2015

Leadership transition is a cause of concern for many family businesses in Hong Kong, but could increasing competition form Shanghai and Beijing spell the end for family-run companies in the district?

Business and wealth is heavily intertwined in Hong Kong – the special administrative region of China that operates under its “one country, two systems” principle. The statement is particularly true of family businesses in the region, where up to 60% of all business are family controlled. Among the best known are Hutchinson Whampoa, owned by Li Ka-Shing, the richest man in Asia, and Chow Tai Fook, a conglomerate with interests in jewellery and property.

Family Business Roundup: Hutchinson Whampoa and Dalian Wanda

January 23, 2015

Li Ka-shing's Hutchison to buy Telefonica UK for £10.25 billion and China’s richest man snaps up stake in Athletico Madrid

Li Ka-shing's Hutchison to buy Telefonica UK for £10.25 billion

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, is in exclusive negotiations tobuy Telefonica’s British mobile division O2 for £10.25 billion (€13.6 billion).

The conglomerate already operates the Three Mobile network in Britain. The combination of Three and O2 will create the largest mobile operator in Britain, with as many as 32 million customers.

Family Business Roundup: Hutchison Whampoa and Samsung

January 16, 2015

Li Ka-shing restructures business empire, shares soar; Samsung crushes rumours of $7.5 billion Blackberry bid

Li Ka-shing restructures business empire, shares soar

Share prices at Hong Kong-based conglomerate Hutchinson Whampoa and property giant Cheung Kong Holdings rose dramatically on Monday following reports of a multi-billion dollar corporate restructure by owner Li Ka-Shing.

As a result, Cheung Kong's shares were up in Hong Kong as much as 14% in afternoon trading on Monday, while Hutchison Whampoa's shares surged more than 12%.

Mass succession

October 23, 2013

With many companies nearing the first-to-second generation transfer phase, Asian family businesses have been forced to learn the art of succession planning quickly. CampdenFB looks at what the region is doing to meet the challenge.

With many companies nearing the first-to-second generation transfer phase, Asian family businesses have been forced to learn the art of succession planning quickly.

Family Business Roundup: America Movil, 21st Century Fox, Boehringer Ingelheim, Hutchinson Whampoa

August 22, 2013

America Movil secures funding for KPN, Rupert Murdoch invests in alternative media group, Boehringer Ingelheim breaks ground on animal pharmaceuticals plant in China, and Hutcinson Whampoa receives preliminary bids for supermarket chain.

America Movil
America Movil said it had secured funding for a €7.2 billion bid to further its stake in Dutch telecom company Royal KPN.