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CMA clears Informa-UBM deal

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(Reuters) – Britain’s Competition and Markets Authority (CMA) said on Thursday that Informa’s <INF.L> 5.6 billion pound takeover of rival UBM <UBM.L> 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.

(Reporting by Arathy S Nair in Bengaluru; editing by Kate Holton)

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