So who is MergeCo ?
MergeCo is a major international telecoms company headquartered in the UK. It is a merger between Vodafone and 3UK. to become MergeCo. MergeCo is owned by: CK Hutchison Holdings Limited a world class conglomerate operating out of Hongkong. The merger of the above is expected to conclude by the end of the year 2024.
MergeCo operates around the world including America, Europe, UK, India, Asia, you get the picture. I have pasted some inserts from the corporate governance section of there website below but the feeling is that MergeCo is already taken.
Transaction terms
Vodafone and CKHGT will combine their respective UK businesses, Vodafone UK and Three UK. Vodafone will have a 51.0% interest in MergeCo, with CKHGT holding the remaining 49.0%.
Governance
Vodafone and CK Hutchison have agreed a comprehensive joint governance framework for MergeCo. Vodafone has the right to appoint the CEO and CK Hutchison the CFO. Current Vodafone UK CEO Ahmed Essam will assume the role of MergeCo CEO, with the current Three UK CFO Darren Purkis taking the role of MergeCo CFO. MergeCo will have a six-person board, comprising three directors appointed by Vodafone and three directors appointed by CK Hutchison. Employees of both businesses will be afforded equal opportunities for relevant positions in the combined business. Vodafone and CK Hutchison will each have customary reserved matters, with Vodafone having a casting vote in relation to MergeCo's business plan and budget.
About VodafoneVodafone is the largest pan-European and African telecoms company. Our purpose is to connect for a better future by using technology to improve lives, digitalise critical sectors and enable inclusive and sustainable digital societies.
We provide mobile and fixed services to over 300 million customers in 17 countries, partner with mobile networks in 46 more and are also a world leader in the Internet of Things (IoT), connecting over 160 million devices and platforms. With Vodacom Financial Services and M-Pesa, we have the largest financial technology platform in Africa, serving more than 56 million people across six countries.
About CK Hutchison Holdings Limited
Listed on **promotion blocked** of Hong Kong Limited, CK Hutchison Holdings Limited (CK Hutchison) is a renowned multinational conglomerate committed to innovation and technology with businesses spanning the globe. With operations in about 50 countries/markets and 300,000 employees worldwide, CK Hutchison has four core businesses - ports and related services, retail, infrastructure and telecommunications. The Group is fully committed to its environmental and social sustainability responsibilities with policies, programmes and innovations across its businesses to address sustainability challenges such as the net-zero transition.
CK Hutchison reported turnover of approximately HKD457 billion for the year ended 31 December 2022.
This is me again: There is also a smaller incorporated business registered in the UK as MergeCo Resources and they specialise in corporate mergers. Maybe they could help us because it appears we need it. "HELP"
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So who is MergeCo ?MergeCo is a major international telecoms...
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