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EU clears LSE acquisition of Refinitiv, subject to conditions


By Reuters Staff
2 Min Read
FILE PHOTO: The Refinitiv logo is seen on a screen in offices in Canary Wharf in London, Britain August 1, 2019. REUTERS/Toby Melville
BRUSSELS (Reuters) - EU antitrust regulators have cleared the London Stock Exchange’s $27 billion acquisition of data company Refinitiv, subject to a number of conditions including the sale of its Borsa Italiana operations.
The European Commission, which oversees competition policy in the 27-nation European Union, said on Wednesday that the purchase had been approved after its investigation found a number of concerns.
To address them, the LSE Group (LSEG) has agreed to divest its 99.9% stake in the Borsa Italiana group and to continue offering its global over-the-counter interest rate derivative (OTC IRD) clearing services performed by LCH Swapclear on an open access basis. ....

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London Stock Exchange gets EU nod for $27 billion takeover of Refinitiv


Publishing date: Jan 13, 2021  •  January 13, 2021  •  2 minute read  • 
Article content
BRUSSELS/LONDON EU antitrust regulators gave the green light on Wednesday to the London Stock Exchange’s $27 billion takeover of Refinitiv, creating a stronger competitor to financial data leader Bloomberg LP.
The market for financial information has exploded with the advent of computer-driven trading, triggering a rash of takeovers as companies seek to create one-stop shops to serve clients and get an edge over traditional rivals in supplying data, dubbed the “new oil.”
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