LSE to complete $27bn purchase of Refinitiv in Q1 2021

Follows sale of Borsa Italiana group

clock • 1 min read

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

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Insight: Private markets myth-busting - Valuing private businesses

Partner Insight: Private markets myth-busting - Valuing private businesses

While private equity holdings are not valued in the same way as public companies, there are several different ways to arrive at an accurate valuation picture. James Lowe talks to Citywire Wealth Manager about the different approaches.

James Lowe, Director, Private Markets, UK Wealth at Schroders
clock 05 November 2024 • 3 min read
Partner Insight:  It's time to lock in these yields… while you still can

Partner Insight: It's time to lock in these yields… while you still can

Ben Deane, Investment Director, Sterling Investment Grade, Fidelity International
clock 05 November 2024 • 6 min read
Partner Insight: Economic payoff of AI is coming – but it's not here yet

Partner Insight: Economic payoff of AI is coming – but it's not here yet

Despite the long-term potential of artificial intelligence (AI), it will be many years before it realises its full potential.

Joe Davis, Chief Economist and Head of Investment Strategy Group, Vanguard
clock 04 November 2024 • 8 min read
Trustpilot