obtains 7 of the required 14 regulatory clearances for acquisition of Gemalto

Must Read

Moving physical data center to cloud: Here’re key non-negotiables for cloud migration

Any journey from a physical data center to the requires careful thought, education and investment in new capabilities to enable migration to the new environment.

Secure your information & data with password managers

There is a lot of personal or business information online. Secure their vulnerability using password managers, and conduct your business in safety

Here’s how live streaming is gaining ground in India

Live Streaming has made it quite easy to watch sports games in real time and that is why it is gaining ground in India
Tech Observer Desk
Tech Observer Desk
TechObserver.in covers e-governance, enterprise IT, startups, telecom and consumer electronics.

and said that they have received Regulatory Clearance from the Competition Commission in South Africa. Together with the antitrust clearances obtained in China, Israel and Turkey, and clearances relating to foreign investments in Australia, Canada and the USA (CFIUS), and Gemalto have now obtained 7 of the required 14 Regulatory Clearances.

The company said Thales and Gemalto continue to work constructively with the competent antitrust authorities to obtain the remaining Regulatory Clearances in Australia, for the European Union, in Mexico, in New Zealand, in Russia and in the United States. In addition, Thales and Gemalto are seeking Regulatory Clearance relating to foreign investments from the competent authority in Russia.

The transaction should close shortly after all of the Regulatory Clearances have been secured, which is expected to occur in the first quarter of 2019, as announced in the joint press release dated 11 October 2018.

The company informed that further announcements will be made if and when a Regulatory Clearance has been obtained or the Offer Condition with respect to Regulatory Clearances is satisfied, waived or has become incapable of being satisfied, or as otherwise required by applicable law. As announced on 10 August 2018, the Acceptance Period has been further extended by Thales in accordance with an exemption granted by the Dutch financial markets authority (AFM) and will end two weeks after the fulfilment of the Offer Condition with respect to Regulatory Clearances or the waiver thereof (but no later than the Long Stop Date).

- Advertisement -
- Advertisement -

Latest in TECH

Budget 2020 strengthens India’s commitment to IT sector: DG STPI Omkar Rai

According DG STPI Omkar Rai, the Finance Minister push of proactive policy measures on emerging technologies such as AI, ML, Data Analytics and Quantum Computing could be a a great catalyst for the Indian IT industry.
- Advertisement - ESDS eNight Cloud Hosting

Related Articles