Intercontinental Exchange Seeks Permission to Appeal Trayport Sale Ruling
Posted: Sun Mar 19, 2017 5:52 pm
Following the UK’s Competition Appeal Tribunal’s judgment, which upheld a ruling that Intercontinental Exchange must sell Trayport, the energy trading technology shop it acquired for $650 million in December 2015, ICE has requested permission from the CAT to appeal to the Court of Appeal.
The Competition Appeal Tribunal said earlier this month that it backed a ruling by the UK antitrust watchdog that the deal could curb competition in the European energy trading market. The US-headquartered group refused the British competition regulator’s ruling, saying that it is disappointed with the decision and would consider an appeal.
Following possible ICE’s complete ... (read more)