By Ian Walker

 

The U.K. Competition and Markets Authority on Friday provisionally cleared the London Stock Exchange Group PLC's planned 274 million pound ($315.2 million) acquisition of Quantile Group Ltd. following an in-depth review of the deal.

The regulator said that the deal doesn't raise substantial competition concerns in the U.K.

"We are currently satisfied that this deal won't worsen the options available to businesses and consumers. As such we have provisionally concluded that the transaction can go ahead," CMA independent inquiry group Chairman Martin Coleman said.

The CMA gave interested parties until Sept. 30 to comment on its initial findings before a final decision by Oct. 31.

In early December, LSEG said it was buying Quantile--a portfolio, margin and capital optimization and compression-services provider.

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 Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

September 09, 2022 02:35 ET (06:35 GMT)

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