EU antitrust regulators will decide by July 20 whether to clear US private equity firm Blackstone Group’s $20 billion acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit, a filing on the EU competition watchdog’s website showed on Monday.
Under the terms of the proposed deal, Thomson Reuters would retain a 45 % stake in the F&R business as part of a partnership with the US buyout firm, according to the sources.
The deal would be structured to pay more than $17 billion to Thomson Reuters, for a unit with an enterprise value – a measure of total value that includes equity and debt – of about $20 billion, two of the sources said.
The Commission can either clear the deal with or without concessions or it can open a full-scale investigation of about four months if it has serious concerns.
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