UK Watchdog Investigates Merger of London Stock Exchange Group and Quantile
March 03 2022 - 9:47AM
Dow Jones News
By Sabela Ojea
The Competition and Markets Authority said Thursday that it is
investigating whether the acquisition of Quantile Group Ltd. by
London Stock Exchange Group PLC breaches competition rules.
The U.K. regulator said that it has until May 3 as the deadline
for its first phase decision following the announcement of the
merger inquiry.
Early in December 2021 London Stock Exchange Group said that it
was buying Quantile Group--a portfolio, margin and capital
optimization and compression services provider--for up to 274
million pounds ($367.2 million).
The stock-exchange and financial-information company said the
acquisition was expected to close in 2022, subject to antitrust and
other financial approvals.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 03, 2022 09:32 ET (14:32 GMT)
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