BRUSSELS (Thomson Financial) - The European Commission said its inquiry deadline for Nokia Siemens Networks Oy's divestment of two Italian production plants to Jabil Circuit Inc is set for Oct 17.
A spokesman for Nokia Siemens told Thomson Financial News that the two plants will be sold to the American circuit manufacturer, which is already a major supplier to Nokia Oyj and Siemens AG, the parent companies of Nokia Siemens.
The sites affected are the Cassina de Pecchi microwave plant near Milan and the Marcianise radioaccess equipment plant near Naples.
The spokesman said a preliminary agreement has been reached with trade unions for the transferal of over 600 personnel to Jabil.
He added that he hopes the deal will be finalised 'within the next few months'.
He declined to disclose any financial details of the deal. phil.mccomish@thomson.com pam/bsd COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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