ION Investment Group / Fidessa group merger inquiry

The CMA has investigated and cleared the anticipated acquisition by ION Investment Group Limited of Fidessa group plc.

• From: Competition and Markets Authority
• Published: 18 June 2018
• Last updated: 22 August 2018 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Financial services
• Outcome: Mergers - phase 1 clearance
• Opened: 18 June 2018
• Closed: 22 August 2018

Statutory timetable

Phase 1 date	Action
22 August 2018	Decision published
3 August 2018	Decision announced
18 June to 2 July 2018	Invitation to comment
18 June 2018	Launch of merger inquiry

Phase 1

CMA clearance decision

3 August 2018: The CMA has cleared the anticipated acquisition by ION Investment Group Limited of Fidessa group plc.

• Full text decision (22.8.18)

Invitation to comment: now closed

18 June 2018: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

18 June 2018: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (18.6.18)

Contact

Please send written representations about any competition or public interest to:

Nick Wright
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

nick.wright@cma.gov.uk

Published 18 June 2018
Last updated 22 August 2018 + show all updates

1. 22 August 2018

   Full text decision published.

2. 3 August 2018

   Clearance decision announced.

3. 18 June 2018

   First published.