Inmarsat $3.4bn takeover to be reviewed by watchdog

The Competition and Markets Authority (CMA) has said the planned $3.4bn takeover of satellite giant Inmarsat is to be probed.

The CMA said they are considering whether or not the acquisition by a consortium will lead to a “substantial lessening of competition.”

The consortium includes Canadian Pension Plan Investment Board and the Ontario Teacher’s Pension Plan Board.

If the buyout is approved Inmarsat will return to private equity hands after being owned by Apax and Permira.