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Telecity merger

13 April 2015 07:19

Telecity Group said the Federal Cartel Office of Germany has cleared the recommended all-share merger between TelecityGroup and Interxion Holding N.V. in Phase I under German merger control law.

Completion of the Merger remains conditional upon, amongst other things, the receipt of all remaining regulatory and anti-trust approvals, the approval of TelecityGroup's shareholders and TelecityGroup having received valid acceptances for at least 95% of the total issued share capital of Interxion (or, at TelecityGroup's election, not less than 80 per cent.).

TelecityGroup continues to expect the Merger to close in the second half of 2015.

Story provided by StockMarketWire.com

Related Company: TCY

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