CK Hutch Set to Get €3 Billion From EQT’s Italy Network Deal (1)

CK Hutchison Holdings Ltd. is set to fetch about €3 billion ($3.3 billion) from the sale of a majority stake in its Italian network infrastructure portfolio to private equity firm EQT AB, people with knowledge of the matter said.

The conglomerate is putting the finishing touches on a deal to spin off the infrastructure assets of its Italian unit, Wind Tre SpA, into a new company and sell a 60% stake to EQT, the people said, asking not to be identified because the information is private.

Final terms of the transaction could be announced as soon as the ...