BRUSSELS: The London Stock Exchange is set to win EU antitrust approval for its US$27 billion takeover of data company Refinitiv, two people familiar with the matter said on Wednesday, bolstering its footprint in a rapidly consolidating sector.
The LSE, seeking to diversify into the financial data sector and reduce reliance on unpredictable trading volumes, unveiled its plan to buy Refinitiv last year, but faced hurdles in Brussels, with the deadline for EU approval pushed back to January 2021. The sources declined to provide details of any changes to the concessions, though some said EU officials considered the Borsa Italiana sale to be a major divestment.The European Commission, which is scheduled to decide on the deal by Jan. 21, declined to comment.
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