United Technologies has offered to sell assets to secure EU regulatory approval for its USD$16.5 billion takeover of US aircraft components maker Goodrich, according to a person familiar with the matter.
The European Commission is currently examining the deal, UTC's biggest in a decade, with which it aims to build critical mass in new aircraft technology and services as civil aviation demand recovers.
United Tech, whose products include Pratt & Whitney engines and Sikorsky helicopters and is a major player in aircraft landing gear, has proposed some divestments, said the source, who declined to provide details because of the sensitivity of the matter.
The Commission, which has set an August 31 deadline for a decision on the deal, is expected to market test the proposed concessions with rivals and customers of United Tech and Goodrich.
