FNZ to sell GBST with right to repurchase limited assets

Platform engine FNZ must sell its recent acquisition of competitor GBST, but will have the right to repurchase a “narrower package of assets”, according to the final reassessment report from the Competition Markets Authority (CMA).

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FNZ submits detailed case against merger ban

Platform engine FNZ has submitted a detailed case document against the Competition and Markets Authority’s order to sell off its recent acquisition and rival GBST.

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GBST platform assets hit £150bn

Assets on platform engine provider GBST’s Composer wealth management administration platform increased by 12% to £150bn in 2020.

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FNZ to challenge CMA sell off order

Platform engine FNZ is to appeal against the Competition and Markets Authority’s order to sell off its recent acquisition and rival GBST.

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