Man Group / BlueCrest Capital Management

OFT closed case: Anticipated acquisition by Man Group of BlueCrest Capital Management.

From:
Competition and Markets Authority
Published
15 January 2004
Case type:
Mergers
Case state:
Closed
Market sector:
Financial services
Outcome:
Mergers - phase 1 found not to qualify
Closed:
15 January 2004

Affected market: Asset management

No. ME/1536/03

On the basis of the information available to it, the OFT has decided that the anticipated acquisition by Man Group of a 25% interest in BlueCrest Capital Management does not qualify for investigation under the mergers provisions of the Enterprise Act 2002, because neither the UK turnover test nor the share of supply test in section 23 of the Act is met.  A relevant merger situation has, therefore, not been created.

Updates to this page

Published 15 January 2004