London Stock Exchange / Frank Russell merger inquiry

The CMA investigated the anticipated acquisition by London Stock Exchange Group plc of Frank Russell Company.

Statutory timetable

Phase 1 date Action
9 January 2015 Decision published
7 November 2014 Decision announced
15 to 29 September Invitation to comment
12 September 2014 Launch of merger inquiry

Phase 1

CMA clearance decision

7 November 2014: The CMA has cleared the anticipated acquisition by London Stock Exchange plc of Frank Russell Company. The full text of the decision is available below:

Invitation to comment: Now closed

15 September 2014: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.


Please send written representations about any competition or public interest to:

Zoe Fiander
Competition and Markets Authority
Victoria House
Southampton Row

Published 9 January 2015