The EU Clears acquisition of Refinitiv by the London Stock Exchange

The European Commission said on Wednesday it approved the $27bn (£22bn) acquisition of Refinitiv by the London Stock Exchange Group (LSEG).

The all-share deal will see the stock exchange group acquire Refinitiv from private equity giant Blackstone, which owns 55% of the company, and Thomson Reuters, which owns 45%.

The commission wanted to ensure that the markets will remain open and competitive and the acquisition will not lead to higher prices. In October last year, LSE agreed to sell Borsa Italiana to French rival Euronext, expecting the sale of the Italian stock exchange to help it overcome the EU regulatory obstacle of its Refinitiv buy.

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