HPE Sells H3C Stake to Chinese Consortium

Reuters11-17
HPE Sells H3C Stake to Chinese Consortium

H3C Holdings Limited, a wholly-owned subsidiary of Hewlett Packard Enterprise Company, has entered into five share purchase agreements with various Chinese entities, including Unisplendour International Technology Limited, Beijing Xinhua Zhilian Equity Investment Co., Ltd., China CITIC Financial Asset Management Co., Ltd., Shenzhen Zhaohua Information and Communication Technology Phase I Private Equity Investment Fund Partnership, and Beijing Changshi Zhihua Equity Investment Co., Ltd. The agreements involve the disposition of share capital of H3C Technologies Co., Limited held by HPE. Additionally, a side letter was signed with UNIS amending a previous agreement on subsequent arrangements related to the transaction.

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