By Ian Walker

The U.K. Competition and Markets Authority said Wednesday that it has cleared the London Stock Exchange Group PLC's planned 274 million-pound ($314.3 million) acquisition of Quantile Group Ltd., following an in-depth review of the deal.

The regulator, which said last month that it was provisionally clearing the deal, referred the merger for investigation in May after identifying competition concerns.

"In light of all the evidence, including responses to its consultation on the provisional Phase 2 findings, the CMA considers that the anticipated acquisition will not lead to a substantial lessening of competition between Quantile and its rivals and, therefore, has cleared the deal," the regulator said Wednesday.

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 has previously said that it expects to complete the acquisition this year, subject to antitrust and other financial approvals.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

October 26, 2022 02:34 ET (06:34 GMT)

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