Marbridge Daily

<- January 03, 2012 ->

Germany Approves Hytera's Mobile Radio Acquisition

Shenzhen Stock Exchange, 12/31/11

Shenzhen-based mobile radio solutions provider Hytera Communications (002583.SZ) recently confirmed that it received final approval last month from Germany's Federal Ministry of Economy and Technology to acquire a 100% stake in German firm Rohde & Schwarz Professional Mobile Radio GmbH.

Following the signing of a share transfer agreement between the two companies on July 20, 2011, Hytera received approval in August from China's Ministry of Commerce and the Shenzhen Municipal Commission of Development and Reform to proceed with the acquisition.

Editor's Note: For more background on this topic, please see "Hytera to Acquire German Mobile Radio Manufacturer" MD 7/26/11 issue.

 
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