(Reuters) - Australia's competition regulator approved aerospace and defence company Thales S.A's <TCFP.PA> 4.8 billion euro bid for chipmaker Gemalto <GTO.AS> after the French company accepted a court enforceable undertaking to divest a part of its business.
The Australian Competition and Consumer Commission (ACCC) decision not to oppose the deal follows a European Union antitrust approval for the deal last week.
Thales, addressing competition concerns, provided a court-enforceable undertaking to sell its global GP HSM business to an ACCC approved purchaser.
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Sam Holmes)
