The UK’s Competition and Markets Authority (CMA) has commenced (13 December) its review of the anticipated acquisition of Preqin Limited by BlackRock UK Holdco 2 Limited, a subsidiary of BlackRock, Inc. The merger notice was accepted under the Enterprise Act 2002, with the initial review period starting on December 16, 2024.
The CMA has until February 12, 2025, to decide whether to refer the transaction for a more detailed Phase 2 investigation. This review will assess whether the acquisition raises competition concerns in the market.
Source: https://assets.publishing.service.gov.uk/media/675c07edb745d5f7a053eed3/Commencement_notice.pdf
