EU antitrust regulators to rule on Blackstone's F&R deal by July 20

BRUSSELS (Reuters) - EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group's US$20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk (F&R) unit, a filing on the EU competition watchdog's website showed on Monday. Blackstone sought approval from the European Commission on June 15, according to the filing on the website

Reuters June 19, 2018 00:06:19 IST
EU antitrust regulators to rule on Blackstone's F&R deal by July 20

EU antitrust regulators to rule on Blackstones FR deal by July 20

BRUSSELS (Reuters) - EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group's US$20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk (F&R) unit, a filing on the EU competition watchdog's website showed on Monday.

Blackstone sought approval from the European Commission on June 15, according to the filing on the website.

The Commission can either clear the deal with or without concessions or it can open a full-scale investigation of about four months if it has serious concerns.

Thomson Reuters' Financial & Risk business, which provides news and analytics to financial services companies, competes with Bloomberg and News Corp's Dow Jones unit.

(Reporting by Foo Yun Chee. Editing by Jane Merriman)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Cargo from Dubai arrives in Haifa, cementing Israel-UAE trade route
Business

Cargo from Dubai arrives in Haifa, cementing Israel-UAE trade route

By Rami Amichay HAIFA, Israel (Reuters) - The ship-to-shore crane paused above the cargo ship just arrived from Dubai, then set its load down on the pier in Israel.

As globe gallops into vaccine trials, insurers remain unfazed
Business

As globe gallops into vaccine trials, insurers remain unfazed

By Noor Zainab Hussain, Carolyn Cohn and Ludwig Burger LONDON/FRANKFURT (Reuters) - The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine leading developers have felt compelled to issue a pledge to uphold scientific standards and testing rigour. Yet, while more than 40 experimental COVID-19 vaccines are being tested on humans, the insurance companies with decades of experience in assessing the risks of clinical trials don't see anything to be unduly concerned about.

EU watchdog to clarify share trading after full Brexit
Business

EU watchdog to clarify share trading after full Brexit

By Huw Jones LONDON (Reuters) - The European Union's securities watchdog said it expects to make a statement soon on where shares listed in the bloc must be traded after Britain's full departure from the European Union in December.