長和(00001.HK)擬100億歐元出售歐洲電訊業務
格隆匯11月12日丨長和(00001.HK)公佈，於2020年11月12日，賣方CK Hutchison Networks Europe Investments
S.à r.l.（公司全資附屬公司）同意出售而各相關買方同意購買集團於發射塔資產的權益，該等資產支持集團分別於奧地利、丹麥、愛爾蘭、意大利、瑞典及英國的流動電訊業務。待全部六項交易完成後，賣方將收取的代價總額為100億歐元，其中5%須歸於集團于丹麥及瑞典的電訊夥伴。
作為英國交易將予收取代價的一部分，約14億歐元須透過由Cellnex配發及發行代價股份償付，股份數目可參考接近完成時Cellnex的股份價格作出調整。按照訂約方協定的Cellnex參考股份價格，此相等於Cellnex股權約5%。倘並未獲得Cellnex股東批准設立及發行代價股份，則英國交易的代價股份須以現金支付約14億歐元代替。
預計奧地利交易、丹麥交易及愛爾蘭交易將於2020年12月31日或之前完成，瑞典交易將於2021年3月31日或之前完成，而意大利交易及英國交易將隨後於2021年12月31日或之前完成。
公司認為，由具備公認行業專長的專責發射塔營運商營運及發展集團於發射塔資產的權益，將可有效分配資本並加強集團的策略重點。Cellnex為歐洲領先之無線電訊及廣播基建營運商，而作為交易之一部分，本集團之流動電訊業務已與其建立長期策略夥伴關係。一項交易完成將使本公司可為集團釋放歐洲電訊發射塔資產及業務組合的基本價值，同時加快在集團網絡推出5G服務。
此舉亦有助釋放集團電訊部門的部分價值，而公司相信有關價值並未於其近年的股價中充分反映。交易將使公司可以現金及有價證券的形式，獲得非常龐大的資本收益及所得款項淨額，此將大幅降低集團的財務負債淨額，及進一步鞏固其財務狀況。單從會計角度而言，預期於2020年及2021年於交易完成時獲得的現金收益，將抵銷可能於該等期間內確認，集團所佔赫斯基能源的非現金會計減值支出及撇減集團於赫斯基能源的賬面值而產生的預計累積非現金會計虧損。
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