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UPDATE 1-EU regulators to okay $6.4 bln Dixons, Carphone merger - sources
June 17, 2014 / 1:17 PM / 3 years ago

UPDATE 1-EU regulators to okay $6.4 bln Dixons, Carphone merger - sources

(Adds European Commission decline comment)

By Foo Yun Chee

BRUSSELS, June 17 (Reuters) - Britain's Carphone Warehouse and Dixons Retail will secure unconditional European Union antitrust approval for their 3.8-billion-pound ($6.38 billion) merger, two people familiar with the matter said on Tuesday.

Carphone, Europe's biggest independent mobile phone retailer, and Dixons, Europe's second largest electrical retailer, hope the proposed tie-up will help them capitalise on the growing popularity of smartphones connected to consumer electronics such as ovens and fridges.

Last month, the European Commission asked British retailers whether the merger would push up the prices of mobile phones and tablets because of the combined company's bigger market share.

The EU competition watchdog will clear the deal without requiring concessions from the companies, indicating it does not have any concerns, said one of the people.

Commission spokesman for competition policy Antoine Colombani declined to comment. The agency has set a June 25 deadline for its decision.

Dixons owns the Currys and PC World chains in Britain, Elkjop in Nordic countries and Kotsovolos in Greece. (Reporting by Foo Yun Chee; Editing by Adrian Croft)

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