In the first phase of merger control the Bundeskartellamt has cleared plans by Axel Springer, Berlin to acquire sole control of Immowelt. Now a comprehensive integration plan for the two real estate portals can be developed under the umbrella of the Immowelt Holding company.
The deal, valued at $35 billion when it was announced last November, has already been approved by both sets of shareholders and is expected to close late in the second half of 2015.
Full Content: Reuters
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