October 31, 2018 / 7:19 AM / 20 days ago

UK competition watchdog clears CME Group's purchase of NEX Group

Oct 31 (Reuters) - Britain’s competition watchdog said it had cleared CME Group Inc’s 3.9 billion pounds ($4.96 billion) deal to buy Michael Spencer’s NEX Group Plc, paving the way for a cross-border trading powerhouse.

The Competition and Markets Authority said on Wednesday that it would not refer the deal for further investigation. ($1 = 0.7867 pounds) (Reporting by Karina Dsouza in Bengaluru; Editing by Gopakumar Warrier)

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