(Finance) – Fnac Darty and Ruby Equity Investment announce that they have received today “the authorization from the European Commission for the formal notification of the operation concerning all the ordinary shares of Unieuro“.
According to what the two companies report in a note, at the end of the pre-notification phase no critical elements from a competition perspective were identified.
Fnac Darty and Ruby Equity Investment therefore believe “it is unlikely that during the formal examination of the Transaction by the European Commission, competition profiles will be identified that would prevent the authorization of the Transaction or make it subject to the adoption of corrective measures”.
Enrique Martinez, Chief Executive Officer of Fnac Dartydeclared: “The shares tendered, added to the shareholding already held by us, currently represent more than 41% of Unieuro’s share capital, of which 25% tendered today alone. Shareholders have until see you tomorrow, October 25th, at 5.30pm to submit your shares; the last day is usually very dynamic. We welcome with satisfaction the authorization from the European Commission to officially notify our proposed acquisition of Unieuro. With the waiver of the antitrust condition and the acceptances seen to date, a significant step towards the success of the offer has been taken this evening.”
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