Italy probes CK Hutchison unit on tax in 3.4 billion euro asset sale, Bloomberg News reports
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026

Italy is investigating CK Hutchison's Italian unit for tax evasion in a 3.4 billion euro asset sale to Cellnex Telecom, according to Bloomberg News.
(Reuters) - CK Hutchison Holdings's Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4-billion-euro ($3.52 billion) asset sale to Cellnex Telecom SA, Bloomberg News reported on Thursday.
($1 = 0.9647 euros)
(Reporting by Urvi Dugar; Editing by Alan Barona)
The main topic is the investigation of CK Hutchison's Italian unit for alleged tax evasion in a significant asset sale.
The asset sale involved CK Hutchison's Italian unit and Cellnex Telecom SA.
The asset sale is valued at 3.4 billion euros.
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