BRUSSELS, Oct 19 (Reuters) – Hitachi (6501.T) is likely to gain approval from European competition authorities for its 1.7 billion euro takeover of Thales’ (TCFP.PA) GTS rail signaling business, provided it company is selling assets in France and Germany, three people familiar with the matter said Thursday.
Hitachi last month submitted a bid to the European Commission to sell its core signaling business in France and Germany.
The EU competition watchdog and Hitachi declined to comment.
The watchdog is expected to decide on the deal on November 6.
Britain’s competition authority approved the deal this month after Hitachi pledged to sell its key signaling business in the UK, France and Germany.
The deal was first announced in August 2021.
($1 = 0.9478 euros)