The London Stock Exchange expects to complete the $27bn purchase of data analytics firm Refinitiv in the first quarter of 2021.
In a new trading update LSE said that the proposed acquisition of the company was making "good progress". It said further merger clearances had been secured around the world and that it was "engaging constructively" with the European Commission (EC) on achieving antitrust approval for the transaction. The exchange said the proposed sale of Borsa Italiana group will significantly contribute to addressing EC concerns. FCA names LSE's Nikhil Rathi as chief executive Earlier this month, LSE agreed to sell Milan's Borsa Italiana stock exchange to Euronext for €4.3bn in order to comp...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes