Assa Abloy postpones Spectrum home improvement business acquisition again

Adds detail, context

HELSINKI, July 15 (Reuters) – Swedish lock maker Assa Abloy ASSAb.ST on Friday said its planned acquisition U.S.-centered Spectrum Brands’ dwelling enhancement division could be delayed to 2023 due to regulatory issues, as a substitute of currently being completed during this year.

The extended regulatory process experienced now postponed the deal in December previous year.

The acquisition was introduced past calendar year when Assa, the world’s most important lockmaker, claimed it would pay out $4.3 billion for the company.

(Reporting by Essi Lehto, editing by Anna Ringstrom and Stine Jacobsen)

(([email protected] +358505412375))

The views and thoughts expressed herein are the sights and viewpoints of the author and do not essentially replicate those of Nasdaq, Inc.