© Reuters. The Refinitiv emblem is seen on a display screen in places of work in Canary Wharf in London
BRUSSELS (Reuters) – EU antitrust regulators have cleared the London Inventory Trade’s $27 billion acquisition of knowledge firm Refinitiv, topic to quite a lot of circumstances together with the sale of its Borsa Italiana operations.
The European Fee, which oversees competitors coverage within the 27-nation European Union, mentioned on Wednesday that the acquisition had been accepted after its investigation discovered quite a lot of issues.
To handle them, the LSE Group (LSEG) has agreed to divest its 99.9% stake within the Borsa Italiana group and to proceed providing its world over-the-counter rate of interest spinoff (OTC IRD) clearing companies carried out by LCH Swapclear on an open entry foundation.
It has additionally agreed to supply entry to the LSE venue information, UK Fairness Indices, and WM/R FX benchmarks to all present and future downstream opponents.
The length of the OTC IRD and monetary information commitments is 10 years.
“The commitments provided by LSEG absolutely handle the competitors issues raised by the proposed transaction,” the Fee mentioned in an announcement.
“The Fee subsequently concluded that the transaction, as modified by the commitments, would not increase competitors issues.”
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