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Fintech FNZ tells UK's CMA that GBST purchase doesn't give rise to competition concerns

( May 20, 2020, 14:05 GMT | Official Statement) -- MLex Summary: UK fintech FNZ Bidco has pushed back against the UK's Competition and Markets Authority's claim that its completed acquisition of GBST Holdings affects the supply of retail investment platforms, and could result in UK investors losing out as a result of higher prices, fewer options and less innovation. In a submission today it said the companies' offerings are very different, they rarely compete head on and numerous significant competitors remain in the market. The CMA referred the deal for an in-depth probe last month....

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