Overall, completion of the Vodafone Italia transaction is on track. Swisscom secured the financing for the purchase price of EUR 8 billion in May 2024 and has received unconditional approval from both the Presidency of the Council of Ministers in Italy (Golden Power legislation) and the Swiss Competition Commission.
The transaction is still subject to other regulatory approvals, including that of the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato). The latter announced on 11 September 2024 that it had opened an in-depth investigation (Phase II) to assess the acquisition under Italy’s merger control rules.
In line with the announcement dated 15 March 2024, Swisscom expects the transaction to complete in the first quarter of 2025.
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66f37ad79fa643e383f1f9f68350e403&url=https%3A%2F%2Fwww.thefastmode.com%2Fmergers-and-acquisitions%2F37408-eu-commission-clears-swisscom-acquisition-of-vodafone-italia-under-foreign-subsidies-regulation&c=746023500406422378&mkt=de-de
Author :
Publish date : 2024-09-24 18:51:00
Copyright for syndicated content belongs to the linked Source.