Sepura Takeover Now Approved by German Authorities16-05-2017

Source: Proactive Investors

It now seems that a potential road block to the agreed takeover of Sepura PLC by Hytera Communications has now been removed.

Following further discussions with the German authorities, Sepura and Hytera have concluded that the notification from the Federal Ministry of Economic Affairs and Energy  in the announcement on 5 May 2017 will not have any negative implications for the timing of completion of the takeover.

Currently both the UK Government and German Government are happy to provide green light for the takeover and it now looks like there are no 'road bumps' anymore to complete the aquisition on the close of business on 24 May.

Immediately after the announcement, Sepura shares went up 18.5% to 18.66p.