GBAF Logo
Finance

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

Published by Global Banking & Finance Review

Posted on December 13, 2024

1 min read

· Last updated: January 27, 2026

Add as preferred source on Google
UK's FTSE 100 and financial markets react to Russia's embassy statement on G7 loans to Ukraine - Global Banking & Finance Review
The image illustrates the UK's FTSE 100 index performance amid the controversy over G7 loans to Ukraine backed by frozen Russian assets. This reflects the ongoing financial tension and geopolitical implications discussed in the article.

UK Competition Authority Probes BlackRock's Preqin Deal

(Reuters) - Britain's competition regulator said on Friday it was launching a probe into asset management firm BlackRock's 2.55 billion pounds ($3.22 billion) acquisition of UK data firm Preqin.

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.

($1 = 0.7910 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Mrigank Dhaniwala)

Key Takeaways

  • UK's CMA is investigating BlackRock's acquisition of Preqin.
  • The deal is valued at $3.22 billion.
  • A Phase 1 decision is expected by February 12.
  • The acquisition was announced in June.
  • The investigation focuses on competition concerns.

Frequently Asked Questions

What is the main topic?
The main topic is the UK competition watchdog's investigation into BlackRock's acquisition of Preqin.
Why is the CMA investigating?
The CMA is investigating to assess potential competition concerns arising from the acquisition.
When is the decision expected?
The Phase 1 decision from the CMA is expected by February 12.

Related Articles

Image for Macron paves way for top official to lead French central bank

Macron paves way for top official to lead French central bank

Image for Russia says OPEC+ will continue after UAE exit, no price war expected

Russia says OPEC+ will continue after UAE exit, no price war expected

Image for UK's Metro Bank keeps annual outlook after strong first-quarter lending performance

UK's Metro Bank keeps annual outlook after strong first-quarter lending performance

Image for Syngenta sees strong growth in China as Q1 sales rise

Syngenta sees strong growth in China as Q1 sales rise

Image for UK's SIG warns of first-half profit fall as construction slump drags on

UK's SIG warns of first-half profit fall as construction slump drags on

Image for Glencore first-quarter copper output jumps 19%, marketing unit set to exceed target

Glencore first-quarter copper output jumps 19%, marketing unit set to exceed target

More from Finance

Explore more articles in the Finance category

Image for United Utilities sees rise in annual revenue, submits $1.8 billion investment plan to water regulator
United Utilities sees rise in annual revenue, submits $1.8 billion investment plan to water regulator
Image for MTU Aero Engines beats profit forecasts in first quarter
MTU Aero Engines beats profit forecasts in first quarter
Image for Premier Inn owner Whitbread extends restaurant overhaul to all sites, to cut 3,800 jobs
Premier Inn owner Whitbread extends restaurant overhaul to all sites, to cut 3,800 jobs
Image for Puma reports Q1 operating profit above expectations
Puma reports Q1 operating profit above expectations
Image for UK homebuilder Persimmon sees rising supply costs from energy price surge
UK homebuilder Persimmon sees rising supply costs from energy price surge
Image for UK's Rolls-Royce confident on outlook despite Middle East disruption
UK's Rolls-Royce confident on outlook despite Middle East disruption
Image for Air France-KLM revises capacity outlook on geopolitical uncertainty
Air France-KLM revises capacity outlook on geopolitical uncertainty
Image for Italy's Ferretti chief criticizes biggest shareholder Weichai as proxy battle looms, FT reports
Italy's Ferretti chief criticizes biggest shareholder Weichai as proxy battle looms, FT reports
Image for Unilever beats sales forecasts as home and beauty brands demand drive growth
Unilever beats sales forecasts as home and beauty brands demand drive growth
Image for Repsol profit surges 57%, still below forecast
Repsol profit surges 57%, still below forecast
Image for Stellantis beats estimates in first quarter as operating income tops $1 billion
Stellantis beats estimates in first quarter as operating income tops $1 billion
Image for Belgium government plans to buy Engie's nuclear assets in the country
Belgium government plans to buy Engie's nuclear assets in the country
View All Finance Posts