Jim Ratcliffe Says CMA Is Anti Business After Deal Blocked

Jim Ratcliffe has accused the UK’s competition watchdog of being anti business after it blocked a deal by the British billionaire’s chemicals group Ineos Group Holdings SA.

Ratcliffe said the CMA’s decision earlier this year to intervene on Ineos’s acquisition of assets being sold by Swiss construction chemicals group Sika AG was “yet another example of a deal being stopped that would benefit the UK.”

“The CMA and UK government are becoming increasingly hostile to business,” Ratcliffe said in a statement on Tuesday.

Sika in March agreed to sell the admixtures business to UK private equity firm Cinven after the ...