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Telefonica

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: America Movil, Sirivadhanabhakdi, Pritzker Organization, Maple Leaf Foods, L’Oreal

August 28, 2013

America Movil backs sweetened Telefonica deal, Charoen Sirivadhanabhakdi looks to reduce debt with IPO, Pritzker Organization takes timber services company private, Maple Leaf Foods sells biodiesel and rendering business, and the Bettencourts rule out a L'Oreal sale.

America Movil
Telefonica has received the support of Dutch telecommunications company KPN’s biggest investor, America Movil, to acquire its German mobile unit E-Plus.

Family business roundup: Massmart and America Movil

August 12, 2013

Wal-Mart mulls buyout of one of several family-owned supermarkets in Kenya; and America Movil moves to buy remaining shares in Royal KPN.

Massmart
South Africa’s Massmart Holdings, a unit of Wal-Mart, is considering the buyout of one of several family-owned retailers in Kenya, as it tries to make inroads into the African nation.

According to Nairobi-based newspaper Business Daily, Naivas, Tuskys and Nakumatt, the family-owned businesses that dominate the sector, are the main targets for the food and household-goods retailer.

Family business roundup: Jindal family eye Stemcor assets, America Movil resists KPN deal

July 26, 2013

Jindal family compete for Stemcor's assets, America Movil reluctant to give blessing to KPN deal, Rodale third-gen steps down as president.

Stemcor/ Jindal Group
Two companies from different branches of the family-controlled OP Jindal Group are tussling over the Indian assets of the Oppenheimer family's steel trading company Stemcor.