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Italy probes CK Hutchison unit on tax in 3.4 billion euro asset sale, Bloomberg News reports

Italy probes CK Hutchison unit on tax in 3.4 billion euro asset sale, Bloomberg News reports

FILE PHOTO: The company logo of CK Hutchison Holdings is displayed at a news conference in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip/File Photo

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)

Source: Reuters

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