Boeing (NYSE:BA) is expected to win European Union antitrust approval for its planned $4.7 billion purchase of Spirit AeroSystems (NYSE:SPR).
Boeing is set to get to European Commission conditional approval for the Spirit Aerosystems deal, according to a Reuters report on Tuesday, which cited people familiar with the matter. The approval will include remedies to address EC concerns about the combination.
Boeing (NYSE:BA) unveiled the $4.7 billion deal last July, a transaction that also involves Airbus (OTCPK:EADSF) (OTCPK:EADSY) assuming control of Spirit’s (NYSE:SPR) struggling operations in Europe. The potential deal approval comes after Boeing offered concessions to the regulator last month.
The EC has until Oct. 14 to decide on the transaction.