EU antitrust regulators to rule on Blackstone's F&R deal by July 20

BRUSSELS (P3PWriter) – EU antitrust regulators will determine by July 20 whether or not to clear U.S. personal fairness agency Blackstone Group’s (BX.N) US$20 billion acquisition of a majority stake in Thomson P3PWriter’ (TRI.TO) Monetary and Threat (F&R) unit, a submitting on the EU competitors watchdog’s web site confirmed on Monday.

FILE PHOTO: The Thomson P3PWriter emblem is seen on the corporate constructing in Instances Sq., New York October 29, 2013. P3PWriter/Carlo Allegri/File Photograph

Blackstone sought approval from the European Fee on June 15, in accordance with the submitting on the web site.

The Fee can both clear the take care of or with out concessions or it could open a full-scale investigation of about 4 months if it has severe issues.

Thomson P3PWriter’ Monetary & Threat enterprise, which offers information and analytics to monetary companies firms, competes with Bloomberg and Information Corp’s (NWSA.O) Dow Jones unit.

Reporting by Foo Yun Chee. Modifying by Jane Merriman

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