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Provider : Reuters Investment Profile
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Omnicom Group Inc and Publicis Groupe receive unconditional clearance from European Commission

Thursday, 9 Jan 2014 09:43am EST 

Omnicom Group Inc and Publicis Groupe:Says they have received approval from the European Commission in connection with the pending merger of Publicis Groupe and Omnicom.Says proposed merger was notified to the European Commission on Nov. 25, 2013 and was authorized without condition following a phase 1 review.Says approval from the European Commission, the expiration of the HSR review period in the U.S. and the clearances received in other jurisdictions satisfy some of the conditions necessary for the transaction to close. 

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