CMA clears Informa-UBM deal

Reuters

Published May 31, 2018 07:17

Updated May 31, 2018 07:27

CMA clears Informa-UBM deal

(Reuters) - Britain's Competition and Markets Authority (CMA) said on Thursday that Informa's (L:INF) 5.6 billion pound takeover of rival UBM (L:UBM) did not qualify for an investigation.

The deal, announced in December, will create a global leader in business events and conferences, almost a decade after UBM tried to buy Informa .