Spanish Authorities Show Green Light for Sepura Takeover
Hytera is now one more step closer to buy Sepura PLC as the Spanish Authorities gave the deal the green light.
Shares of Sepura plc went up after saying it no longer needs approval from Spanish competition authorities for a proposed takeover by Hytera Communications. Yesterday shares jumped 16.71% to 13.13p.
A statement from Sepura and Hytera released yesterday said: "We have received confirmation from the national markets and competition commission that it has concluded that the transaction does not meet the thresholds for notification and that the commission's process of reviewing the transaction in Spain has therefore terminated."
Despite teh success in Spain, UK authorities are continuing to probe the deal to check that it complies with competition regulations.
