December 19, 2018 / 11:58 PM / a month ago

Australia's competition regulator gives green light to Thales-Gemalto deal

Dec 20 (Reuters) - Australia’s competition regulator approved aerospace and defence company Thales S.A’s 4.8 billion euro bid for chipmaker Gemalto after the French company accepted a court enforceable undertaking to divest a part of its business.

The Australian Competition and Consumer Commission (ACCC) decision not to oppose the deal follows a European Union antitrust approval for the deal last week.

Thales, addressing competition concerns, provided a court-enforceable undertaking to sell its global GP HSM business to an ACCC approved purchaser.

Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Sam Holmes

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