CMA to investigate FNZ acquisition of GBST

On Monday (18 November) the CMA launched an inquiry into the acquisition. The CMA said "[it] is considering… whether it is or may be the case that a relevant merger situation has been created and whether the creation of that situation has resulted or may be expected to result in a substantial lessening of competition in any market or markets in the United Kingdom."   It added it had "reasonable grounds" for suspecting FNZ and GBST had ceased to be distinct entities.  A spokesperson for FNZ said: "FNZ will cooperate fully with the CMA to provide all the relevant information and will op...