Nasdaq, Inc. / Cinnober Financial Technology AB merger inquiry

The CMA is investigating the proposed acquisition by Nasdaq Technology AB, a wholly-owned subsidiary of Nasdaq, Inc., of Cinnober Financial Technology AB.

• From: Competition and Markets Authority
• Published: 23 November 2018
• Last updated: 31 January 2019 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Financial services
• Opened: 23 November 2018
• Closed: 7 February 2019

Statutory timetable

Phase 1 date	Action
7 February 2019	Decision published
31 January 2019	Decision announced
10 December 2018	Launch of merger Inquiry
23 November to 7 December 2018	Invitation to comment

Phase 1

CMA clearance decision

31 January 2019: The CMA has cleared the anticipated acquisition by Nasdaq Technology AB, a wholly-owned subsidiary of Nasdaq, Inc., of Cinnober Financial Technology AB.

• Full text decision (7.2.19)

Launch of merger inquiry

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

• Commencement notice (10.12.18)

Invitation to comment: now closed

23 November 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.

Contact

Please send written representations about any competition issues to:

mergersupportteam@cma.gov.uk

Published 23 November 2018
Last updated 31 January 2019 + show all updates

1. 31 January 2019

   Phase 1 clearance decision announced.

2. 23 November 2018

   First published.