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The Competition Bureau announced today that it has reached an agreement with S&P Global Inc. to resolve competition concerns related to its proposed acquisition of IHS Markit Ltd (IHSM).
December 21, 2021 – GATINEAU, QC – Competition Bureau
The Competition Bureau announced today that it has reached an agreement with S&P Global Inc. to resolve competition concerns related to its proposed acquisition of IHS Markit Ltd (IHSM).
In Canada, both companies operate price reporting agencies that supply price assessments for certain commodities, such as oil, coal and liquified petroleum gases like propane. These assessments – which determine market prices at a given time – are used by Canadian companies to settle trades and contracts for specific products in Canada and international markets.
A review of the proposed merger concluded that it would result in a likely substantial lessening of competition for price assessments in the energy, coal and petrochemical sectors, which are used by Canadian companies.
The elimination of head-to-head competition between the companies would leave few effective remaining competitors for price assessments in these sectors.
•On November 30, 2020, S&P Global and IHSM entered into a definitive merger agreement to combine in an all-stock transaction valued at approximately US$44 billion (C$56 billion).
Customers of commodity price assessments include: refiners and suppliers; wholesalers; retailers; traders and transportation service providers; terminals and pipelines; governments; financial institutions; mining companies; power generators; and steel mills.
Given the global nature of the transaction, the Bureau cooperated with its international counterparts, including the U.S. Department of Justice, the U.K Competition and Markets Authority and the European Commission.
A consent agreement has the force and effect of a court order once it is registered with the Competition Tribunal.
Feb 28, 2022 · In this merger with IHS Markit, our businesses combine to provide essential intelligence that accelerates progress in every corner of the economy.
December 21, 2021 – Gatineau, QC – The Competition Bureau announced today that it has entered into a consent agreement with S&P Global Inc. (S&P Global) that resolves the concerns of the Commissioner of Competition related to S&P Global’s proposed merger with IHS Markit Ltd. (IHSM).
SP Global (NYSE: SPGI) ("SP Global" or the "Company") and IHS Markit earlier today announced the completion of their approximately $140 billion 1 merger, creating a leading information services provider with a unique portfolio of highly complementary assets.
Find company research, competitor information, contact details & financial data for IHS Markit Canada ULC of Toronto, ON. Get the latest business insights from Dun & Bradstreet.
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related to: ihs markit canadaEngineering Workbench Professional is the leading platform for engineering standards. Compare engineering standards side-by-side to easily understand the changes.
