UK Competition Agency Raises LSE, Quantile Deal Concerns

By Joel Poultney (May 3, 2022, 5:00 PM BST) -- Britain's antitrust authority raised questions on Tuesday about competition over the London Stock Exchange's £274 million ($342 million) acquisition of financial services company Quantile Group, warning that the deal faces a deeper probe unless its concerns are addressed.

The Competition and Markets Authority said a preliminary investigation launched in March into the proposed takeover by the London Stock Exchange Group PLC raised competition concerns about the supply of compression services used for over-the-counter interest rate derivatives. Compression allows companies to agree to cut the number of existing derivatives contracts to help free up capital and refine their portfolios.

The watchdog added that...

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