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Bids, Mergers and Takeovers

Equinix gets initial EC clearance TCY acquisition

13 November 2015 15:47

Telecity Group has confirmed that Equinix has received Phase I clearance from the European Commission for its proposed acquisition of TelecityGroup.

The agreed commitments comprise the divestment of:

- TelecityGroup's Bonnington House, Sovereign House, Meridian Gate and Oliver's Yard data centres and Equinix's West Drayton data centre in London;

- TelecityGroup's Science Park and Amstel Business Park I in Amsterdam; and

- TelecityGroup's Lyonerstrasse data centre in Frankfurt.

John Hughes, Executive Chairman, TelecityGroup:

"Today's decision from the European Commission is an important step. Together with Equinix, we have addressed the Commission's competition concerns while still delivering the strategic and economic drivers of the transaction."

At 3:47pm: (LON:TCY) Telecity Group PLC share price was +3.5p at 1198.5p

Story provided by StockMarketWire.com

Related Company: TCY

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