Flexible Electronics News

EU Commission Clears ASSA ABLOY´s agta record Acquisition, Subject to Conditions

Closing is expected in the second half of 2020 after all remaining closing conditions and the EU Commission requirements have been fulfilled.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY has received phase 1 conditional clearance by the EU Commis-sion for ASSA ABLOY, as a 39% shareholder in the Swiss company agta record, to indirectly acquire the 54% shareholding in agta record from the shareholders of agta finance. Closing of the acquisition is expected in the second half of 2020 after all remaining closing conditions and the EU Commission requirements have been fulfilled. “Receiving the EU Commission´s approval is an important step towards completing the acq...

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