By Joe Hoppe

 

The U.K. regulator said Tuesday that the expected acquisition of Quantile Group Ltd. by London Stock Exchange Group PLC could substantially lessen market competition, and that it is considering accepting undertakings.

The Competition and Markets Authority said that based on the information it has available, it is mulling whether to accept undertakings. Quantile and LSEG have until May 10 to offer undertakings, and if none are offered the CMA will refer the deal for a further probe.

Early in December, London Stock Exchange Group said it was buying Quantile Group--a portfolio, margin and capital optimization and compression services provider--for up to 274 million pounds ($342.3 million).

The stock exchange and financial information company said the acquisition was expected to close in 2022, subject to antitrust and other financial approvals.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

May 03, 2022 03:02 ET (07:02 GMT)

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