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General

Nokia gets China clearance for Alcatel-Lucent takeover

Monday 19 October 2015 | 13:28 CET | News
Nokia has received antitrust clearance from the Chinese Ministry of Commerce (MOFCOM) for its proposed acquisition of Alcatel-Lucent. The clearance in China completes the material antitrust review process required for the transaction. Nokia and Alcatel-Lucent still need to cooperate with the French government to obtain formal approval from the Ministry of Economy (MINEFI), after which Nokia will proceed with filing its public exchange offer for Alcatel-Lucent securities. Once the offer period opens, the proposed transaction will remain subject to approval by Nokia shareholders and the

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Categories: General
Companies: Nokia
Countries: China / World
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