Spire Global's Maritime Business Sale to Kpler Probed by U.K. Regulator

Dow Jones
Jun 19
 

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10