Milan

Hutchison will sell H3G 'if given top stake in TI'

Merger speculation spurring stocks

Hutchison will sell H3G 'if given top stake in TI'

Milan, April 11 - Hong Kong-based conglomerate Hutchison Whampoa on Thursday said it will sell its Italian mobile-phone unit H3G to Telecom Italia (TI) if it can obtain the biggest stake in Italy's biggest telecoms company, according to a statement. Earlier in the week sources told Reuters that Hutchinson was interested in taking a near 30% stake in TI under a plan to sell H3G. Stocks have surged in recent days amid speculation of a merger.

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