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Hutch, Etisalat complete merger deal

Emirates Telecommunications Group Company PJSC (Etisalat Group) has completed the sale of its 100% shareholding in Etisalat Lanka Ltd. to Hutchison Telecommunications Lanka Ltd.

Upon completion of the sale, the CK Hutchison Holdings Ltd. group will have a majority and controlling stake of 85% whilst the Etisalat Group will have 15% ownership of Hutch Lanka.

The deal was done on 30 November after the move was first announced in April 2018.

(FT)

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