EU Regulators to Decide on S&P Global, IHS Deal by October 8, 2021

Posted by Joachim Bartels | Sep 10, 2021 | ! Homepage Slider, ! Recent Member News, Insights, Member News, Rating Services, Regulatory News, S&P, United States | 0 |

Business information provider S&P Global Inc SPGI.N has sought EU antitrust approval for its $44 billion acquisition of IHS Markit Ltd INFO.N, with an EU decision due by Oct. 8, according to a European Commission filing on Monday.

The deal, announced in November last year, marks the latest consolidation in the fragmented financial information services industry as companies seek to create one-stop shops to lure the biggest clients and invest in artificial intelligence and machine learning.

The Commission can clear the deal with or without concessions after its preliminary review or it can open a four-month long investigation if it has serious concerns. The UK competition watchdog is also investigating the deal, with an Oct. 19 deadline for its initial review.

Source: Nasdaq

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.