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

Follows sale of Borsa Italiana group

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The deal was originally announced last year by LSE to broaden its trading business
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The deal was originally announced last year by LSE to broaden its trading business

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...

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