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Bottomline told to unwind part of Experian acquisition by UK regulator

( August 6, 2019, 09:33 GMT | Official Statement) -- MLex Summary: The UK Competition and Markets Authority has ordered Bottomline Technologies to unwind part of its completed buyout of Experian’s payments-gateway business. The CMA said the two companies had shared confidential data, including on customers, before the authority issued an order to freeze integration of the businesses pending a review. The CMA said its initial-stage probe into the deal is continuing. In March, US-based Bottomline Technologies, a payment-automation company, acquired assets of credit reporting agency Experian, through its UK arm.Statement follows. The order is attached....

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