Published by Global Banking & Finance Review®
Posted on December 13, 2024
1 min readLast updated: January 27, 2026
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The UK's CMA is probing BlackRock's $3.22 billion acquisition of Preqin, with a decision expected by February 12.
(Reuters) - Britain's competition regulator said on Friday it was launching a probe into asset management firm BlackRock's 2.55 billion pounds ($3.22 billion) acquisition of UK data firm Preqin.
The Competition and Markets Authority has set Feb. 12 as the deadline for its Phase 1 decision of the probe into the deal announced in June.
($1 = 0.7910 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Mrigank Dhaniwala)
The main topic is the UK competition watchdog's investigation into BlackRock's acquisition of Preqin.
The CMA is investigating to assess potential competition concerns arising from the acquisition.
The Phase 1 decision from the CMA is expected by February 12.
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