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UK competition watchdog looks into $3.32 billion Blackrock-Preqin deal
BlackRock stock trading on NYSE display board.

Published : 5 days ago, on

(Reuters) – Britain’s competition regulator said on Tuesday it was considering whether asset management firm BlackRock’s 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)

 

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

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