CRN - HPE to sell 30% stake in H3C for US$2.1B, amends China joint venture deal

Hewlett Packard Enterprise will sell 30 percent of its shares of H3C to Chinese IT provider Unisplendour for approximately US$2.1 billion, HPE said in a regulatory filing.

“The HPE Parties and UNIS [Unisplendour Corp.] have entered into the revised arrangements to restructure the Shares sale process in a manner that is expected to facilitate the sale by the HPE Parties of 30 percent of the total issued share capital of H3C to UNIS for approximately US$2.1 billion by or before August 31, 2024,” said HPE’s filing today with the U.S. Securities and Exchange Commission.

Additionally, Spring, Texas-based HPE has an option to sell its remaining 19 percent share of H3C at a later time.

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