Mergers: EU Commission clears acquisition of Legg Mason by Franklin Resources
The European Commission has approved, under the EU Merger Regulation, the acquisition of Legg Mason, INC. by Franklin Resources, INC., both of the U.S.. Legg Mason provides investment management and related products and services to institutional and individual clients.
Franklin Resources is active in investment management and related services to retail, institutional and high-net-worth investors.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the moderate combined market positions resulting from the acquisition.
The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.9811.
Arianna Podesta – Maria Tsoni –