By Ian Walker
The U.K. Competition and Markets Authority has started an initial investigation into Spire Global's $241 million sale of its maritime business to Kpler to see if the deal will result in a lessening of competition.
The regulator said Thursday that it is inviting comments on the deal from interested parties ahead of a formal decision. It has set a deadline of July 3 for comments and Aug. 18 for its initial review.
The New York-listed provider of satellite-tracked data announced the sale of the unit on Nov. 13 and the deal completed on April 25. It plans to use the money raised to repay debt and invest in near-term growth opportunities.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
June 19, 2025 06:26 ET (10:26 GMT)
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