S & P’s EXCLUSIVE $ 44 billion IHS deal set to get EU antitrust approval – sources


The S&P Global logo is displayed at its offices in the Financial District in New York, United States, on December 13, 2018. REUTERS / Brendan McDermid

BRUSSELS, Oct. 12 (Reuters) – Trade news provider S&P Global Inc (SPGI.N) is set to secure conditional EU antitrust approval for its $ 44 billion takeover of IHS Markit Ltd (INFO .N), said three people familiar with the matter.

The deal to create a new data center was announced last November, reflecting the consolidation of the financial reporting services industry as companies rush to create one-stop shops to attract bigger clients and invest in the industry. artificial intelligence and machine learning.

S&P has been successful in addressing concerns from the European Commission with its offer to sell the oil price information service (OPIS) business of the US oil pricing agency IHS and PetroChem Wire, said the sources.

It struck a $ 1.15 billion deal with News Corp (NWSA.O) in August, subject to the closing of the IHS Markit acquisition. Read more

The EU competition authority, which is due to complete its preliminary review of the IHS deal by October 22, declined to comment. S&P Global and IHS declined to comment.

The UK competition agency is also investigating the deal and will rule by October 19.

Thomson Reuters, parent company of Reuters News, competes with Platts, Argus and OPIS to deliver news and information to the oil markets.

Reporting by Foo Yun Chee, additional reporting by Niket Nishant and Anirban Sen in Bangalore; edited by Edmund Blair and Jason Neely

Our standards: Thomson Reuters Trust Principles.

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