(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. […]
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UK competition watchdog launches probe into $3.22 billion Blackrock-Preqin deal
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(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)