CK Hutchison Holdings Limited further to its announcement in April 2018, states that Emirates Telecommunications Group Company PJSC (“Etisalat Group”) has completed the sale of its 100% shareholding in Etisalat Lanka (Private) Limited (“ESL”) to Hutchison Telecommunications Lanka (Private) Limited (“Hutch Lanka”) on November 30, 2018.
Upon completion of the sale, CK Hutchison Holdings Limited group will have a majority and controlling stake of 85% whilst Etisalat Group will have 15% ownership of Hutch Lanka.
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