EU set to approve LSE's $27bn Refinitiv acquisition - report

2nd Dec 2020 15:02

(Sharecast News) - London Stock Exchange shares surged on Wednesday after a report that EU antitrust regulators are set to clear its $27bn (£20.2bn) purchase of data analytics company Refinitiv.
According to Reuters, clearance will be given after LSE adjusted concessions to address competition concerns.

Last month, LSE offered to allow rivals non-discriminatory access to clearing and data for 10 years as part of a package of concessions that included the sale of its Borsa Italiana operations.

At 1505 GMT, the shares were up 9.3% at 8,732p.