UK Regulator Allows Hitachi-Thales Deal to Proceed
04 10월 2023 - 4:20PM
Dow Jones News
By Anthony O. Goriainoff
The U.K.'s competition watchdog said that Hitachi Rail's
proposed acquisition of Thales's transportation-systems business
was allowed to proceed.
The Competition and Markets Authority said Wednesday that
Hitachi Rail's offer to sell part of its mainline signaling
business in the U.K, France and Germany addressed the regulator's
competition concerns regarding the merger between the two leading
signaling suppliers.
Thales and Hitachi Rail entered into negotiations for the sale
of the ground-transportation-systems business in August 2021 for an
enterprise value of 1.66 billion euros ($1.74 billion). Thales said
it aims to close the acquisition within the second half of
2023.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
October 04, 2023 03:05 ET (07:05 GMT)
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