S&P Global Inc. is waiting for the EU antitrust authority to approve its proposed $44 billion acquisition of IHS Markit Ltd this month, according to Reuters.
- The anticipated approval happens after S&P addressed the EU’s concerns over the sale of IHS US Oil Pricing Agency Oil Price Information Service (OPIS) and PetroChem Wire businesses.
- Once approved, the deal will create a data powerhouse as firms rush to build one-stop shops to attract the biggest clients while investing in machine learning and artificial intelligence.
S&P announced the IHS deal last November, with the EU antitrust authorities expected to end the preliminary review of the transaction by October 22. The UK competition authority is also scrutinizing the deal with the outcome expected by October 19. SPGI: NYSE is up +0.57%, INFO: NYSE is up +0.94%