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Orange Takeover to be Postponed

Published: June 15, 2012; 13:11 · (Vindobona)

The Commission of the EU identified several shortcomings in the takeover of Orange by the Hong Kong based Hutchison.

Orange Takeover to be Postponed / Picture: © Flickr

The takeover of the third-largest telecommunication company by Hutchison Group may be delayed. For the Commission, there is a number of shortcomings as the submitted documents by Hutchison are not sufficient. As a result, the examination should be intensified. Regulatory constraints may be made even worse. Initially, the closing of the deal was planned in summer. Now, the closing is not…

This article includes a total of 311 words.

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