The UK Competition Authority blocks an already completed merger of retail investment software firms (FNZ / GBST)

On 6 November 2020, the UK Competition and Markets Authority ("CMA") ordered FNZ to sell GBST, having concluded that the acquisition raised significant competition concerns in the supply of software and services which enable retail investment platforms in the UK. WHAT YOU NEED TO KNOW - KEY TAKEAWAYS Although mergers can be completed without seeking UK clearance, this places risk on the purchaser. The CMA can call the case in for investigation and, if

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Authors

  • Ashurst (London)
  • Ashurst (London)

Quotation

Steven Vaz, Laura Carter, The UK Competition Authority blocks an already completed merger of retail investment software firms (FNZ / GBST), 5 November 2020, e-Competitions November 2020, Art. N° 98239

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