Nucleus' £242m Curtis Banks takeover under CMA investigation

It is understood that Nucleus has referred itself to the CMA

Sahar Nazir
clock • 1 min read

The Competition and Markets Authority (CMA) has launched an investigation into platform Nucleus’ planned takeover of self-invested personal pensions (SIPP) provider Curtis Banks.

The watchdog will review the proposed £242m merger of Nucleus and Curtis Banks, as the firms await until a decision has been made. The merger inquiry was launched today (19 July) to ascertain whether the combination of the two firms could damage competition in the sectors they operate in. It is understood that Nucleus referred itself to the CMA as part of the acquisition process, although the CMA has only announced an inquiry today. A spokesperson for Nucleus told Professional Adviser: "We remain excited about our proposed acquisition of Curtis Banks and welcome today's update from...

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