Thales and Gemalto announce Regulatory Clearance from the Minister of Innovation in Canada

Thales and Gemalto announce Regulatory Clearance from the Minister of Innovation in Canada
15.08.2018 07:55 am

Thales and Gemalto announce Regulatory Clearance from the Minister of Innovation in Canada

Investment Management

Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 27 March 2018 in relation to the launch of the recommended all-cash offer by Thales for all the issued and outstanding shares of Gemalto (the "Offer"), the publication of the Offer Document, and the joint press release of Thales and Gemalto dated 10 August 2018 in relation to the further extension of the Acceptance Period. Terms not defined in this press release will have the meaning as set forth in the Offer Document.

Thales and Gemalto today announce that they have received foreign investment Regulatory Clearance in Canada.

Together with the anti-trust clearance obtained in China and Israel, and clearance relating to foreign investments in Australia, Thales and Gemalto have obtained 4 of the required 14 Regulatory Clearances.

Thales and Gemalto continue to work constructively with the competent antitrust authorities to obtain the remaining Regulatory Clearances in Australia, for the European Union, in Mexico, in New Zealand, in Russia, in South Africa, in Turkey, and in the United States. In addition, Thales and Gemalto are seeking CFIUS approval in the United States and Regulatory Clearance relating to foreign investments from the competent authority in Russia.

As expected, the transaction should close shortly after all of the Regulatory Clearances have been secured which should occur before the end of 2018.

Further announcements will be made if and when a Regulatory Clearance has been obtained or the Offer Condition with respect to Regulatory Clearances is satisfied, waived or has become incapable of being satisfied, or as otherwise required by applicable law. As announced on 10 August 2018, the Acceptance Period has been further extended by Thales in accordance with an exemption granted by the Dutch financial markets authority (AFM) and will end two weeks after the fulfilment of the Offer Condition with respect to Regulatory Clearances or the waiver thereof (but no later than the Long Stop Date).

Related News

Portfolio complexity increasing in Fiduciary Management and Outsourced CIO industry

A new global survey from Milestone Group, providers of OCIO, Delegated and Fiduciary management technology solutions, has revealed that portfolio strategies are growing... Read more »

Aquila Capital to acquire Portuguese hydropower portfolio from EDP

The alternative investment specialist Aquila Capital has agreed with EDP, Portugal’s biggest energy company, to acquire a portfolio of 21 operational small-scale hydropower... Read more »

AQUILA CAPITAL WINS SWEDISH RENEWABLE ENERGY AWARD 2018

Aquila Capital, the alternative investment company, is delighted to announce that it has been voted the winner of the Swedish Renewable Energy Award 2018.

The award,... Read more »

Tinkoff Bank launches Tinkoff Investments Premium

Tinkoff Bank announces the launch of Tinkoff Investments Premium ... Read more »

Profile Software is sponsoring the UK Finance Digital Innovation Summit

Profile Software, an international financial solutions provider, announced today that it supports the proceedings of the UK Finance Digital Innovation Summit, taking place on... Read more »

CoInvestor Technologies selected for Tech Nation’s FinTech Programme

CoInvestor Technologies (CoInvestor), has been selected to be part of... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App