BX Blackstone Inc

   By Anthony Shevlin 
 

The European Commission on Monday approved Blackstone Group LP (BX)'s acquisition of Thomson Reuters Corp. (TRI.T)'s financial and risk business, under the European Union's merger regulation.

The commission said the proposed transaction "would raise no competition concerns given the limited market shares of the companies, the fact that a number of competitors will remain in the market post-transaction, and the fact that Blackstone accounts for only a minimal share of the demand for Thomson Reuters F&R's products."

Blackstone, via its portfolio company Ipreo, and Thomson Reuters both provide financial information products to financial market professionals, including real-time and non-real-time data services, the commission said.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

(END) Dow Jones Newswires

July 23, 2018 08:51 ET (12:51 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.