The Competition and Markets Authority announced on Tuesday, July 16, it was looking into whether the proposed acquisition of Britain’s largest satellite company Inmarsat by a private equity-led consortium would affect the competitive landscape.
The watchdog invited interested parties to comment by July 29.
The review comes amid a tough regulatory environment for mergers and acquisitions, with the CMA previously blocking Sainsbury’s £7.3 billion (US$9.1 billion) takeover of Walmart-owned Asda in April.
Full Content: Reuters
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