European Commission to probe e&'s acquisition of PPF Group's telecom assets due to state-funded subsidy concerns.
The European Commission is set to formally probe Emirates Telecommunications' (e&) acquisition of Czech PPF Group's telecom assets in Bulgaria, Hungary, Serbia, and Slovakia, due to concerns over state-funded subsidies. The probe, announced by the Financial Times, could be announced as early as Monday. The UAE-based e& had agreed to pay $2.38 billion for the acquisition last year.
June 08, 2024
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