EU antitrust regulators to clear $27 billion LSE, Refinitiv deal: Report

EU antitrust regulators are set to clear the London Stock Exchange's $27 billion buy of data analytics company Refinitiv, according to a report.

FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo
Reuters Brussels
1 min read Last Updated : Dec 02 2020 | 8:47 PM IST

EU antitrust regulators are set to clear the London Stock Exchange's $27 billion buy of data analytics company Refinitiv after LSE tweaked concessions to address competition concerns, people familiar with the matter said on Wednesday.

LSE last month offered to allow rivals non-discriminatory access to clearing and data for 10 years as part of a package of concessions which included the sale of its Borsa Italiana operations to pan-European exchange Euronext.

The people declined to provide details of the changes. Refinitiv is 45% owned by Reuters' parent Thomson Reuters.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :London Stock ExchangeEuropean UnionEU antitrust regulators

First Published: Dec 02 2020 | 8:10 PM IST

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