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UK competition watchdog looks into $3.32 bln Blackrock-Preqin deal
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UK competition watchdog looks into $3.32 bln Blackrock-Preqin deal
Dec 3, 2024 4:45 AM

Dec 3 (Reuters) - Britain's competition regulator said

on Tuesday it was considering whether asset management firm

BlackRock's ( BLK ) 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)

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