EU approves LSE’s acquisition of Refinitiv, subject to conditions By Reuters

© Reuters. The Refinitiv logo is seen on a screen at the Canary Wharf offices in London

BRUSSELS (Reuters) – EU antitrust regulators have approved the acquisition of data company Refinitiv for $ 27 billion by the London Stock Exchange, subject to a number of conditions, including the sale of its Borsa operations. Italian. The European Commission, which oversees competition policy in the 27 countries of the European Union, said on Wednesday that the purchase had been approved after its investigation found a number of concerns. To address these, the LSE Group (LSEG) has agreed to divest its 99.9% stake in the Borsa Italiana group and continue to offer its global over-the-counter interest rate derivatives (OTC IRD) clearing services performed by LCH Swapclear on a date open. access base. It has also agreed to provide access to data from LSE headquarters, UK equity indices and WM / R currency benchmarks to all existing and future downstream competitors. The duration of the OTC IRD and financial data commitments is 10 years. “The commitments offered by LSEG fully address the competition concerns raised by the proposed transaction,” the Commission said in a statement. “The Commission therefore concluded that the transaction, as modified by the commitments, would no longer raise competition concerns.”

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