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02 Dec, 2020 15:09 02 Dec, 2020 15:43

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

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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.

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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.