EU Commission Approval Pending for Arbonia's Climate Division Sale

Arbonia AG announced that the sale of its Climate Division to Midea Electrics Netherlands B.V. is nearing completion. The transaction received unconditional approval from all relevant national antitrust and investment control authorities. However, finalization depends on approval from the EU Commission, anticipated by the end of January 2025.

The EU Commission's review process is in its last phase. The decision is expected soon, assuming no further regulatory complications arise. The Board of Directors reiterated the plan to share proceeds from the sale with shareholders.

This merger process highlights the complex regulatory landscape surrounding significant business transactions within Europe, emphasizing the importance of both national and EU approvals.