UK competition watchdog launches probe into $3.22 billion Blackrock-Preqin deal

(Reuters) – Britain’s competition regulator said on Friday it was launching a probe into asset management firm BlackRock’s 2.55 billion pounds ($3.22 billion) acquisition of UK data firm Preqin.

The Competition and Markets Authority has set Feb. 12 as the deadline for its Phase 1 decision of the probe into the deal announced in June.

($1 = 0.7910 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Mrigank Dhaniwala)