EXCLUSIVE-EU regulators to okay Thales’ $5.4 bln bid for Gemalto – source

BRUSSELS, Nov 9 (Reuters) – EU antitrust regulators will clear Thales’ 4.8-billion-euro ($5.4 billion) takeover of chipmaker Gemalto on condition the French aerospace and defence company sells an encryption technology, a person familiar with the matter said on Friday.

Last month, Thales offered to sell its nShield GP HSM (general purpose hardware security modules) to address the European Commission’s concerns about the deal. Such technology generates keys and encrypt and decrypt data.

($1 = 0.8823 euros) (Reporting by Foo Yun Chee; Editing by Mark Potter)

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