Orange Takeover to be Postponed

Businessn.a. ♦ 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: ©

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…