EU set to approve LSE's $27bn Refinitiv acquisition - report
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.
Financial Services
14,075.11
17:09 19/04/24
-0.63%
-89.84
FTSE 100
7,895.85
16:59 19/04/24
n/a
n/a
FTSE 350
4,341.08
17:09 19/04/24
n/a
n/a
FTSE All-Share
4,296.41
17:08 19/04/24
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London Stock Exchange Group
8,984.00p
17:15 19/04/24
-0.58%
-52.00p
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.