Man Group / BlueCrest Capital Management

OFT closed case: Anticipated acquisition by Man Group of BlueCrest Capital Management.

• From: Competition and Markets Authority
• Published: 15 January 2004

• Case type: Mergers
• Case state: Closed
• Market sector: Financial services
• Outcome: Mergers - phase 1 found not to qualify
• Closed: 15 January 2004

Affected market: Asset management

No. ME/1536/03

On the basis of the information available to it, the OFT has decided that the anticipated acquisition by Man Group of a 25% interest in BlueCrest Capital Management 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 15 January 2004