EU Opens In-Depth Probe Into Vodafone's Purchase of Liberty Global Assets
December 11 2018 - 11:49AM
Dow Jones News
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)
Copyright (c) 2018 Dow Jones & Company, Inc.
Liberty Global (NASDAQ:LBTYA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Liberty Global (NASDAQ:LBTYA)
Historical Stock Chart
From Sep 2023 to Sep 2024