Fri, December 6, 2024
[ Fri, Dec 06th 2024 ]: Winchester Star
Business briefcase
Thu, December 5, 2024
[ Thu, Dec 05th 2024 ]: techUK
The Scottish Budget 2024
Wed, December 4, 2024
Tue, December 3, 2024
[ Tue, Dec 03rd 2024 ]: Bill Williamson
The speaker rules
Mon, December 2, 2024
Sun, December 1, 2024

UK competition watchdog looks into $3.32 bln Blackrock-Preqin deal

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. g-looks-into-3-32-bln-blackrock-preqin-deal.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Britain's competition regulator said on Tuesday it was considering whether asset management firm BlackRock's 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition concerns in the local market.

- Click to Lock Slider
The UK's Competition and Markets Authority (CMA) has initiated an inquiry into BlackRock Inc.'s $3.2 billion acquisition of Preqin, a private equity data provider, to assess potential impacts on competition. This move follows BlackRock's announcement in June to acquire Preqin, aiming to enhance its capabilities in alternative investments. The CMA has set a deadline of January 25, 2024, to decide whether a deeper investigation is necessary. This scrutiny comes amidst growing regulatory attention on major financial deals, reflecting concerns over market consolidation and its effects on competition and consumer choice.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/uk-competition-watchdog-looks-into-332-bln-blackrock-preqin-deal-2024-12-03/ ]