EU approves Hutchison, Vimpelcom 21.8 bln euro Italian deal

September 1, 2016 10:00 AM

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BRUSSELS, Sept 1 EU antitrust regulators cleared on Thursday CK Hutchison Holdings' plan to merge its Italian mobile unit with that of Vimpelcom after they pledged to sell assets to Iliad to help it enter the Italian market.

"We can approve the deal because Hutchison and Vimpelcom have offered a strong remedy that enables a new mobile network operator, Iliad, to enter the Italian market," European Competition Commissioner Margrethe Vestager said.

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