UK competition watchdog not to refer BlackRock-Preqin deal for further probe-March 2024-www.financetom.com

UK competition watchdog not to refer BlackRock-Preqin deal for further probe

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UK competition watchdog not to refer BlackRock-Preqin deal for further probe

Feb 12, 2025 3:24 AM

Feb 12 (Reuters) - Britain's competition regulator said

on Wednesday it will not refer U.S.-based asset management firm

BlackRock's ( BLK ) 2.55 billion pounds ($3.17 billion)

acquisition of UK data firm Preqin to an in-depth Phase 2 probe.

($1 = 0.8038 pounds)

(Reporting by Yamini Kalia in Bengaluru)

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