S&P Global Wins Conditional EU Approval to Buy IHS Markit (1)

Oct. 22, 2021, 4:44 PM UTC

S&P Global Inc. won European Union approval to buy IHS Markit Ltd. after agreeing to sell off commodity price assessment and financial data businesses.

The European Commission said the divestments removed “problematic overlaps” that could have “limited customers’ access to some competitive and reliable data which is essential to ensure fairness of physical trades and financial markets,” according to an emailed press release on Friday.

The deal, initially valued at about $39 billion in stock, has sailed passed regulators with the U.K.’s Competition and Markets Authority saying it will also clear the deal if concerns are addressed. The companies said ...

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