France's top economic official said Assured Guaranty Ltd.'s purchase of Financial Security Assurance Ltd. should close soon so that a restructuring of FSA's parent, Franco-Belgian bank Dexia, can continue, according to an interview published Monday by a French business daily.

Economic Minister Christine Lagarde told Les Echos the deal awaits the approval of the European Commission, the executive branch of the European Union. Assured in November agreed to purchase FSA - excluding its troubled financial product unit - from Dexia as the Franco-Belgian bank looked to unload the U.S. bond insurer as part of its restructuring plan.

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