The UK’s competition watchdog has ordered fintech FNZ to sell GBST – essentially cancelling the merger of two large technology companies.
The Competition and Markets Authority (CMA) has found, in its final report published today (5 November), that the £150 million deal raised “significant competition concerns” in the supply of solutions to investment platforms in the UK, where FNZ and GBST are two of the leading suppliers.
The merged business would be by far the larg...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
