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India: Johnson-Hitachi Deal gets competition commission approval

By  |  June 3, 2015

Fair trade regulator CCI has cleared the proposed acquisition of Hitachi’s building heating, ventilation and air conditioning business by Johnson Controls.

Giving its green signal, CCI said the deal “is not likely to have an appreciable adverse effect on competition in India”.

Under the transaction, Johnson Controls would acquire Hitachi Appliance’s worldwide building heating, ventilation and air conditioning business, excluding certain operations and assets.

Full content: NDTV Profit

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