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EU extends decision date on LSE/Refinitiv deal
23rd Nov 2020 10:14
(Sharecast News) - The European Commission said it had extended its deadline for a ruling on the London Stock Exchange's $27bn takeover of financial data business Refinitiv by four days to January 21.
No reasons were given for the extension.
In October, the LSE agreed the sale of Borsa Italiana for about €4.32bn (£3.9bn) to Euronext to get approval for the Refinitiv deal, which was announced in August 2019.
Regulators widened their investigation of the deal earlier this year, citing issues ranging from the companies' combined control of financial data and the effect a tie-up could have on trading and clearing of bonds and derivatives.
No reasons were given for the extension.
In October, the LSE agreed the sale of Borsa Italiana for about €4.32bn (£3.9bn) to Euronext to get approval for the Refinitiv deal, which was announced in August 2019.
Regulators widened their investigation of the deal earlier this year, citing issues ranging from the companies' combined control of financial data and the effect a tie-up could have on trading and clearing of bonds and derivatives.