Affected market: Asset management
The parties responded to the Office's request for information on 11 December 2003. The 40 day administrative timetable expires on 10 February 2004.
On the basis of the information available to it, the OFT has decided that the anticipated acquisition by Man Group of a 25% interest in BlueCrest Capital Management does not qualify for investigation under the mergers provisions of the Enterprise Act 2002, because neither the UK turnover test nor the share of supply test in section 23 of the Act is met. A relevant merger situation has, therefore, not been created.