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Barrantes Diaz

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The EU Commission conditionally approves under the Foreign Subsidies Regulation the acquisition of parts of a telecoms operator by an Emirati state-controlled telecommunications company (e& / PPF)

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By Clifford Chance, Georgios Yannouchos, Begoña Barrantes Díaz, Barrantes Diaz
| Concurrences Verified
The European Commission ("Commission") has conditionally approved the acquisition by e& of control over parts of the PPF Group, following its first M&A related in-depth investigation under the Foreign Subsidies Regulation ("FSR"). The Commission cleared, subject to commitments, under the FSR, the acquisition by Emirates Telecommunication Group Company PJSC ("e&") of sole control over the telecom company PPF Telecom Group B.V. ("PPF"), excluding its Czech business, following its first M&A rela...
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