Jefferies Financial Group Inc. (JEF) has agreed to the sale by OpNet S.p.A of substantially all of OpNet's operations to Wind Tre S.p.A., a subsidiary of CK Hutchison Group Telecom Holdings Ltd. The consideration will be 485 million euros. OpNet will retain majority ownership in other operating telecom companies, resulting in approximately 320 million euros in final value to Jefferies from the deal.
OpNet S.p.A is the Italian wireless broadband provider formerly known as Linkem. Jefferies said it will reclassify the remaining legacy investments as Other investments in its Asset Management reportable segment in fiscal 2024.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.