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BRUSSELS (Reuters) – Vodafone’s (VOD.L) $21.8 billion proposed acquisition of Liberty Global’s (LBTYA.O) assets in Germany and eastern Europe is likely to face a full EU antitrust investigation, a person familiar with the matter said. The European Commission’s move could ratchet up pressure on the world’s second-largest mobile operator to offer concessions, unless it can convince the EU competition enforcer that the deal poses no competition issues. Investors and industry players, however, will be hoping for a flexible regulatory stance given that the Commission has just given unconditional clearance for Deutsche Telekom’s (DTEGn.DE) acquisition of Tele2’s (TEL2b.ST) Dutch business after initial concerns gold onyx cufflinks uk online.
The deal between Vodafone and U.S gold onyx cufflinks uk online. cable pioneer John Malone’s Liberty would enable Vodafone to better compete with Deutsche Telekom in the German rival’s home market. The enlarged company would be Europe’s biggest provider of broadband, cable and mobile services with 54 million customers and reach 110 million homes and businesses. The acquisition includes Liberty Global assets in the Czech Republic, Hungary and Romania. Deutsche Telekom has criticized the deal while Telefonica Deutschland (O2Dn.DE) and the BREKO business group, which represents German broadband providers, have urged the EU to block the takeover because it would hurt competition..
The opening of a so-called in-depth investigation would in practical terms mean the European Commission’s rejection of a request by the German cartel authority to take over the case – a request that had been welcomed by Deutsche Telekom. The Commission may see the deal in a broader EU-wide perspective, which could benefit Vodafone. The Commission, which is scheduled to wrap up its preliminary review by Dec. 11, and Vodafone declined to comment. Liberty Global said: “We are in constructive discussions with the European Commission and are confident of a positive outcome in due course.” gold onyx cufflinks uk online.
(Reuters) – Honeywell International Inc (HON.N) said on Friday it is relocating its global corporate headquarters to Charlotte, North Carolina, which is closer to several of the U.S. industrial conglomerate’s businesses in the Southeast of the United States. The company, which makes everything from aircraft engines to catalysts used in petroleum refining, is currently based in Morris Plains, New Jersey. Honeywell will also relocate the headquarters of its safety and productivity solutions (SPS) business unit to Charlotte from Fort Mill, South Carolina gold onyx cufflinks uk online.
The SPS unit makes supply chain and warehouse automation equipment, software and personal protection equipment, especially footwear designed for workers gold onyx cufflinks uk online. “Charlotte is a top-10 destination city in the U.S. that will readily enable us to recruit and retain the world-class talent we will need over the long term,” Chief Executive Officer Darius Adamczyk said. Honeywell will relocate about 150 to 200 New Jersey-based senior management positions and about 100 South Carolina-based employees to Charlotte between now and September 2019, the company said..