EU set to clear $23b UTC, Rockwell Collins deal

EU antitrust regulators are set to give conditional approval to U.S. aerospace and industrial company United Technologies Corp's $23 billion bid for avionics maker Rockwell Collins, people familiar with the matter said on Wednesday.

The deal, announced in September last year and the largest in aerospace history, would create a new player in the top echelon of suppliers to Boeing, Airbus, Bombardier and other plane makers.

UTC has offered to sell assets to address the European Commission's concerns, the people said.