EU Opens In-Depth Probe Into Vodafone's Purchase of Liberty Global Assets

   By Adria Calatayud

European Union antitrust authorities said Tuesday that they have opened an in-depth investigation into Vodafone Group PLC's (VOD.LN) acquisition of Liberty Global PLC (LBTYA) assets in Europe.

The European Commission--the EU's executive arm--said it is concerned the deal may reduce competition in Germany and the Czech Republic. The commission hasn't identified issues relating to the Hungarian and Romanian markets, it said.

Vodafone agreed to buy Liberty Global's operations in Germany, Hungary, Romania and the Czech Republic in May. The deal was valued at 19 billion euros ($22.5 billion at the time).

The European Commission will now carry out an in-depth investigation. It has until May 2, 2019 to make a decision.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

(END) Dow Jones Newswires

December 11, 2018 11:34 ET (16:34 GMT)

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