At £2.9bn (5.6bn AUD), this is set to be the biggest merger to take place in the British banking industry since the financial crisis. The CMA was initially worried that the deal - agreed in March this year - could lower the level of competition in the UK banking sector. However, the CMA confirmed on…
Read moreThe Competition and Markets Authority (CMA) has provisionally found that ICE’s acquisition of Trayport may give rise to competition concerns. The operator of exchanges and clearinghouses in the trading of European utilities, Intercontinental Exchange, Inc. (ICE), has its own proprietary software which allows trading of energy commodity and utility derivatives on its exchanges. Trayport’s software…
Read moreThe UK Competition and Markets Authority (CMA) today announces its decision that the merger of Intercontinental Exchange Inc (NYSE:ICE) and Trayport has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. As a result, the merger will be referred for a phase 2…
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