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CMA reaffirms competition concerns associated with FNZ/GBST deal

The CMA has confirmed that the purchase of GBST by rival FNZ could lead to poorer service and higher prices.

The CMA has found that a deal between FNZ and GBST would raise competition concerns, following evidence re-examination.

The CMA has blocked the merger of FNZ and GBST after finding the deal could lead to higher prices.