US ATM manufacturer Diebold has received antitrust clearance in Poland for its purchase of German rival Wincor Nixdorf.
The clearance by Poland is the final approval required for the planned acquisition, which is anticipated to close on 15 August 2016.
Go deeper with GlobalData
The deal already secured the go-ahead from the US Securities and Exchange Commission and German Federal Financial Supervisory Board earlier in 2016.
As part of the deal, 9.92 million newly issued common shares of Diebold and about €891.7m in cash will be distributed to Wincor Nixdorf shareholders.
“Diebold has applied for listing of the newly issued Diebold common shares on the New York Stock Exchange and will apply for listing of all 89,907,516 of its common shares on the Frankfurt Stock Exchange,” the US firm said in a statement.
The deal, valued at €1.8bn, was announced in November 2015.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
