EU Clears LSE Acquisition of Refinitiv, Subject to Conditions

EU antitrust regulators have cleared the London Stock Exchange’s $27 billion acquisition of data company Refinitiv, subject to a number of conditions including the sale of its Borsa Italiana operations, Reuters reported. The European Commission, which oversees competition policy in the 27-nation European Union, said on Wednesday that the purchase had been approved after its investigation found a number of concerns. To address them, the LSE Group (LSEG) has agreed to divest its 99.9% stake in the Borsa Italiana group and to continue offering its global over-the-counter interest rate derivative (OTC IRD) clearing services performed by LCH Swapclear on an open access basis. Read more.