Stock

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

(Reuters) – Britain’s competition regulator said on Tuesday it was considering whether asset management firm BlackRock (NYSE:BLK)’s 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition concerns in the local market.

The Competition and Markets Authority, which has not yet launched its formal probe into the deal announced in June, has invited interested parties to submit their views on the impact the deal could have on competition in the UK.

($1 = 0.7901 pounds)

This post appeared first on investing.com

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.