BRUSSELS (Thomson Financial) - The European Commission has approved Nokia Siemens Networks Oy's proposed divestment of two Italian production plants to American circuit manufacturer Jabil Circuit Inc, arguing that the transaction would not significantly impede effective competition in the EU.
The sites affected are the Cassina de Pecchi microwave plant near Milan and the Marcianise radioaccess equipment plant near Naples.
The deal was examined under the EU's 'simplified' merger review procedure for cases which the commission believes do not pose competition concerns.
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