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Nokia/Navteq approval assured, no EU charge-sources
June 5, 2008 / 11:18 AM / 9 years ago

Nokia/Navteq approval assured, no EU charge-sources

BRUSSELS, June 5 (Reuters) - Nokia NOK1V.HE will get clearance from EU regulators to buy digital map supplier Navteq NVT.N because no formal charges are to be levied against the deal, people familiar with the matter said on Thursday.

No formal statement of objections from the European Commission has been delivered to mobile phone giant Nokia and none is coming, the sources said. Under the law, the Commission may not block a deal without such a statement.

The time for sending any statement of objections has passed, according to these sources, which include industrial sources.

The deadline for a decision by Brussels is Aug. 8. The lack of a statement of objections does not preclude the possibility that the transaction will be approved conditionally. (Reporting by David Lawsky; Editing by Dale Hudson)

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