U.K. Watchdog Refers LSEG's GBP274 Million Deal for Quantile to In-Depth Investigation
17 Maio 2022 - 3:57AM
Dow Jones News
By Jaime Llinares Taboada
The U.K. Competition and Markets Authority said Tuesday that it
is referring the acquisition of Quantile Group Ltd. by London Stock
Exchange Group PLC to an in-depth investigation.
On May 10, LSEG and Quantile offered undertakings to clear the
merger that might be accepted by the CMA. However, the British
regulator said Tuesday that this isn't a clear-cut solution to the
competition concerns identified, and that it has decided not to
accept undertakings in lieu of reference.
In early December, LSEG said it was buying Quantile--a
portfolio, margin and capital optimization and compression-services
provider--for up to 274 million pounds ($337.6 million). The stock
exchange and financial information company said the acquisition was
expected to close in 2022, subject to antitrust and other financial
approvals.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
May 17, 2022 02:42 ET (06:42 GMT)
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