Thales: Closing Of Hitachi Rail Transaction Now Expected In H2 2023 As UK's CMA Opens Further Review

9 thg 12, 202207:38 UTC

Thales SA HO:

UPDATE ON THE SCHEDULE REGARDING THE DISPOSAL OF ITS GROUND TRANSPORTATION SYSTEMS BUSINESS TO HITACHI RAIL
GROUPS HAVE SECURED MORE THAN 2/3 OF THE REGULATORY APPROVALS NECESSARY FOR THE TRANSACTION TO PROCEED
IT IS NOW LIKELY THAT THE CLOSING OF THE TRANSACTION WILL OCCUR IN THE SECOND HALF OF 2023, INSTEAD OF EARLY 2023
ON 9 DECEMBER, UK’S CMA ANNOUNCED ITS INTENTION TO OPEN A “PHASE II” REVIEW OF THE TRANSACTION