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By Elena Vardon
The U.K.’s Competition and Markets Authority on Wednesday said it launched an inquiry into Nucleus Financial Platforms’ acquisition of Curtis Banks Group to determine whether a merger will lessen completion within the region’s market.
The regulator said it has set Sept. 14 as the deadline for its phase 1 decision.
The companies agreed in January on a recommended takeover deal under which Nucleus offered 350 pence in cash for each Curtis share, valuing the London-listed financial-services company at 242 million pounds ($315.5 million).
Write to Elena Vardon at [email protected]
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