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Dealmakers eying EU M&A get stark warning in subsidy review of UAE telecom buyout

By Nicholas Hirst, Lewis Crofts and Andrew Boyce ( April 14, 2025, 15:14 GMT | Comment) -- The European M&A landscape for companies backed by foreign states looks more complicated, in light of newly published documents that show the dealmaking of UAE telecom operator Etisalat — known as e& — will face a unique level of scrutiny following commitments made to the European Commission. The decision also reveals the company’s struggles to turn up subsidy information requested by EU investigators — and how decisions are made when it's missing.Any acquisition in Europe by United Arab Emirates telecom operator Etisalat will face a unique level of scrutiny as a result of the commitments it made to EU subsidy regulators last year, according to newly published documents....

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