Britain's competition regulator has cleared Boeing's planned acquisition of Spirit AeroSystems, it said on Friday, after deciding against an in-depth investigation into whether the deal would be anti-competitive.
The UK's Competition and Markets Authority did not provide details in its initial statement but said the investigation would not go to a "phase 2" stage based on available data. The full text of its decision would be published shortly, it said.
Spirit has reportedly stated that the deal is expected to be closed in the fourth quarter of this year.
In 2024 Boeing reacquired its former subsidiary and current fuselage supplier Spirit AeroSystems. The merger is an all-paper deal with an equity value of around $4.7bn, or $37.25 per share,
The watchdog began its initial investigation in June and had a deadline of August 28 for a decision.