The UK's competition watchdog ordered the US energy giant to sell Trayport on Monday citing competition concerns
On Monday, the UK’s
competition watchdog the Competition Markets Authority ordered
the Intercontinental Exchange to sell energy platform Trayport,
which it had acquired in November last year, because of serious
We evaluate the watchdog’s
reasons for ruling against the merger, consider what
ICE’s options are and finally, who might choose to
take over Trayport if the exchange follows the
CMA’s recommendation to divest.
The Competition Markets
Authority’s (CMA) primary reason for its ruling
was that a sale would be the only effective way to preserve
competition. Its full report is mostly comprised of reasons why
the merger between the exchange and the trading platform would
lead to a substantial lessening of competition.
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