The official regulatory green lights are in addition to approvals already obtained, including, but not limited to, Canada and Morocco. All clearances to date have been without the imposition of any competition-related remedies surrounding the deal announced on 29 July 2021.
FLSmidth Group CEO Mikko Keto commented: "Receiving regulatory clearances in such important mining countries – from both a mine production and a customer standpoint – marks a significant milestone in our journey to complete our acquisition of thyssenkrupp's Mining business. The acquisition will contribute to FLSmidth's ambition to strengthen our pit-to-plant service and equipment solutions, further improving what we can offer our customers."
Pending the remaining authority approvals and satisfaction of conditions in the sale and purchase agreement with thyssenkrupp, the transaction is expected to close during the second half of 2022.
