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UK competition watchdog launches probe into $3.22 billion Blackrock-Preqin deal

Published 12/13/2024, 07:19 AM
Updated 12/13/2024, 11:21 AM
© Reuters. FILE PHOTO: A BlackRock building is seen in New York June 12, 2009.  REUTERS/Eric Thayer/File Photo
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(Reuters) - Britain's competition regulator said on Friday it was launching a probe into asset management firm BlackRock (NYSE:BLK)'s 2.55 billion pounds ($3.22 billion) acquisition of UK data firm Preqin.

© Reuters. FILE PHOTO: A BlackRock building is seen in New York June 12, 2009.  REUTERS/Eric Thayer/File Photo

The Competition and Markets Authority has set Feb. 12 as the deadline for its Phase 1 decision of the probe into the deal announced in June.

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