E-Crossnet / ITG

OFT closed case: Acquisition of E-Crossnet by ITG.

From:
Competition and Markets Authority
Published
17 March 2005
Case type:
Mergers
Case state:
Closed
Market sector:
Financial services
Outcome:
Mergers - phase 1 found not to qualify
Closed:
17 March 2005

Affected market: Financial services

No. ME/1559/05

On the basis of the information available to it, the Office of Fair Trading has decided that the acquisition by ITG of E-Crossnet  does not qualify for investigation under the mergers provisions of the Enterprise Act 2002, because neither the UK turnover test nor the share of supply test in section 23 of the Act is met.  A relevant merger situation has, therefore, not been created.

Published 17 March 2005