Inmarsat private plan referred to CMA

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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.


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