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EU Commission approves UK's Carphone, Dixons merger

Published 25/06/2014, 16:20
EU Commission approves UK's Carphone, Dixons merger
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LONDON (Reuters) - The European Commission has unconditionally approved the 3.8 billion pound ($6.4 billion) merger of Britain's Carphone Warehouse (L:CPW) and Dixons Retail (L:DXNS), Carphone Warehouse said on Wednesday.

Carphone, Europe's biggest independent mobile phone retailer, and Dixons, Europe's second-largest electrical retailer, announced their intention to merge on May 15.

"Earlier today, the European Commission confirmed that it has unconditionally cleared the merger," Carphone said in a statement.

The merger will create a group with turnover of about 12 billion pounds, 2,900 stores and 45,000 employees.

$1 = 0.5892 British Pounds)

(Reporting by Karolin Schaps, editing by Louise Heavens)

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