BRUSSELS: EU antitrust regulators are set to approve Wabtec Corp's $1.8 billion bid for French rival Faiveley Transport on condition the US rail component maker sell Faiveley's brake pad unit, two people familiar with the matter said on Monday.
The European Commission is expected to give the green light this week, ahead of its Oct. 24 deadline, the people said.
Wabtec offered the concession in July after the EU competition enforcer said the deal to Create one of the world's largest public rail equipment companies would reduce competition and might lead to price hikes for customers.
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