06.19.2018

UK Competition Authority Investigates Fidessa Acquisition

06.19.2018
Shanny Basar

The UK Competition and Markets Authority is investigating the anticipated acquisition by ION Investment Group Limited of Fidessa group plc.

Statutory timetable

13 August 2018 – Deadline for Phase 1 decision(*)

(*) This date is the current statutory deadline by when the decision will be announced. If any change occurs, the information is refreshed as soon as practicable. However, the CMA cannot guarantee that the decision will be announced on or before this current deadline, as the deadline of a given case may change during the merger assessment process due to different reasons.

18 June to 2 July 2018 – Invitation to comment

18 June 2018 – Launch of merger inquiry

Phase 1 – Invitation to comment: closes 2 July 2018

18 June 2018: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry
18 June 2018: The CMA announced the launch of its merger inquiry by notice to the parties.

Commencement of initial period notice (18.6.18)

Contact
Please send written representations about any competition or public interest to:

Nick Wright
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

nick.wright@cma.gov.uk

Source: CMA

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