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UK Regulator Pauses S&P’s $44B IHS Bid

By  |  November 10, 2021

The UK markets regulator said on Wednesday that it had served an initial enforcement order in relation to the anticipated acquisition of IHS Markit by S&P.

Earlier this year, the UK Competitions and Markets Authority said that S&P Global’s planned $44 billion acquisition of IHS Markit, breached competition laws.

“The CMA is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services,” the regulator noted.

Meanwhile, another proposal of IHS Markit and CME Group for a joint venture combining their post-trade services received clearance from both the British and EU antitrust regulators last month.

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