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Bids, Mergers and Takeovers

Sepura, Hytera deal to be scrutinised in Germany

05 May 2017 09:13

Sepura (SEPU) said Germany's Federal Ministry of Economic Affairs and Energy (BMWi) has decided to seek to initiate a review on the recommended cash offer for the company by Hytera Communications Corp Ltd.

The watchdog was seeking to initiate the review of the acquisition on public policy and/or national security grounds relating to Sepura Deutschland GmbH.

"Sepura and Hytera are in the process of assessing any potential impact of this notification on the completion of the acquisition and will be engaging with BMWi. A further update will be provided in due course," Sepura said.

At 9:13am: (LON:SEPU) Sepura PLC share price was -4p at 11.75p

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