U.K.’s CMA Clears ION, Broadway Technology Merger After Remedies

The U.K.’s Competition and Markets Authority accepts a proposal from ION Investment Group Ltd. to sell Broadway Technology Holdings’ fixed income business to resolve competition concerns surrounding the merger of the two companies, according to a statement.

• CMA decides the merger will not be referred for an in-depth Phase 2 investigation
• NOTE: July 7, U.K.’s CMA to Refer Ion, Broadway Deal to Phase 2 If No Remedies

To contact the reporter on this story:
Charles Capel in London at ccapel2@bloomberg.net

To contact the editors responsible for this story:
Sunil Kesur at skesur@bloomberg.net

Colin Keatinge

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