Croatian Competition Agency initiates Phase II investigation into the sale of Tele2 Croatia to United Group
Stockholm – The Croatian Competition Agency has today announced its decision to initiate a Phase II investigation into Tele2 AB’s (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) divestment of Tele2 Croatia to United Group. Expected timing for closing is H1 2020, subject to regulatory approval.Tele2 will continue to support United Group in its dialogue with the Croatian Competition Agency to obtain clearance. A decision from the agency is expected in H1 2020. Tele2 announced the sale of the Croatian business to United Group on May 31 2019. As part of United Group’s family of telecom and