FNZ / GBST merger inquiry - GOV.UK
Nov 18, 2019 · 4 June 2021: After its Remittal Inquiry, the CMA has found that the completed acquisition by FNZ of GBST has resulted or may be expected to result, in creating a substantial lessening of...
Reassessment of FNZ/GBST deal confirms competition concerns
Jun 4, 2021 · The CMA has found that the purchase of GBST by rival FNZ could lead to poorer service and higher prices following a careful reassessment of the deal.
Competition concerns in retail investment software merger
Aug 5, 2020 · Following its in-depth ‘Phase 2’ investigation, the Competition and Markets Authority (CMA) has provisionally found that FNZ’s purchase of GBST could result in a substantial lessening of...
FNZ loses appeal over CMA decision to block merger with GBST
Apr 15, 2021 · FNZ has failed to convince the Competition and Markets Authority to reverse its order that it must sell off rival investment platform GBST following an appeals tribunal hearing.
9. On 5 November 2019, FNZ acquired the whole issued share capital of GBST via a scheme of arrangement in which all GBST shares were transferred to FNZ. In this document and in this inquiry,...
1.1 The CMA’s Issues Statement dated 7 May 2020 (“Issues Statement”) sets out the main issues that the CMA is considering in its review of FNZ’s acquisition of GBST (“Transaction”).
CMA reassessment confirms that FNZ-GBST deal will reduce competition
Jun 7, 2021 · A reassessment by the Competition and Markets Authority (CMA) in the UK has confirmed that the FNZ-GBST deal will significantly reduce competition in the sector. This comes after wealth management technology provider FNZ lodged an appeal with the Competition Appeal Tribunal (CAT) after CMA blocked its acquisition of Australian peer GBST.
CMA reassessment of FNZ/GBST deal confirms competition concerns
Jun 4, 2021 · The CMA has found that the purchase of GBST by rival FNZ could lead to poorer service and higher prices following a careful reassessment of the deal.
FNZ has submitted a very large body of robust evidence demonstrating that there is no credible basis on which to identify a distinct market for the supply of ‘Retail Platform Solutions’. The data...
GBST carve-out on the table in FNZ ‘win’ - ioandc.com
Apr 30, 2021 · FNZ has wrung out some relief from the UK Competition and Markets Authority (CMA) despite losing on most counts in the latest – and almost last – round of its bid to prevent a forced sale of GBST.