Blackstone wins E.U. approval to buy Thomson Reuters unit: Reuters
U.S. private equity firm Blackstone Group has secured E.U. antitrust approval to acquire a majority stake in Thomson Reuters’ Financial and Risk unit for US$20 billion, Reuters reported, citing a European Commission statement. “The proposed transaction would raise no competition concerns given the limited market shares of the companies, the fact that a number of competitors will remain in the market post-transaction, and the fact that Blackstone accounts for only a minimal share of the demand for Thomson Reuters F&R’s products,” the Commission said.
23 July 2018•1 min read
