Trading
UK competition watchdog looks into $3.32 billion Blackrock-Preqin deal
Global Banking & Finance Review®
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(Reuters) – Britain’s competition regulator said on Tuesday it was considering whether
(Reuters) – 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.
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)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Anil D’Silva)
Asset management is the process of developing, operating, maintaining, and selling a portfolio of assets to meet specified investment goals for the benefit of investors.
Competition regulation refers to laws and policies that promote competition and prevent monopolistic practices in the market to ensure fair trading and consumer protection.
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
Competition concerns arise when a merger or acquisition may significantly reduce competition in a market, potentially leading to higher prices, reduced quality, or less innovation.
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