Inmarsat private plan referred to CMA
July 17, 2019
By Chris Forrester
The UK’s antitrust regulator the Competition & Markets Authority (CMA) is to examine the plan by Apax and Warburg Pincus (Apax/WP) to take London-based Inmarsat private, and whether the deal is in the public interest.
The CMA says that it is considering whether the acquisition by Apax/WP could reduce competition in the market. The CMA is using rules under the Enterprise Act of 2002, and whether the move would create a “relevant merger situation” and if so whether it is likely to result in a substantial lessening of competition.
The planned deal was announced March and values Inmarsat at some $6 billion.
Comments are invited with a deadline of September 10th.