LSE

The Competition and Markets Authority (CMA) opened its investigation into London Stock Exchange Group PLC’s (LSEG) anticipated acquisition of Quantile Group Limited (Quantile) in March 2022. LSEG is an international financial markets infrastructure and data business which holds a majority shareholding in the LCH clearing house group. A clearing house helps reduce the costs and […]

Britain should replicate New York’s “blank cheque” listings to boost London’s appeal as a global financial center after Brexit, London Stock Exchange (LSE) Chief Executive David Schwimmer said. After cementing its US$27 billion acquisition of data and analytics company Refinitiv on Friday, January 29, the LSE is likely to play a central role in keeping […]

The London Stock Exchange (LSE) has offered concessions to EU antitrust regulators to address concerns over its planned takeover of Refinitiv, according to a European Commission filing on Thursday, November 5. The European Commission, which oversees competition policy in the 27-nation European Union, will now have until January 15 to make a decision. It had […]

The London Stock Exchange Group has agreed to sell its holding in the parent company of the Italian stock exchange to rival Euronext for at least 4.33 billion euros ($5.11 billion), reported the Wall Street Journal.  The LSE said Friday that it began talks to sell Borsa Italiana Group because of expectations that European Union regulators […]

London Stock Exchange (LSE) is poised to receive antitrust objections from European Union regulators examining its US$27 billion plan to buy data provider Refinitiv. The filing is imminent, reported Bloomberg, according to sources who asked not to be named since they were discussing information that isn’t public. Such statements of objections lay out the EU’s potential antitrust concerns […]

London Stock Exchange Group (LSE) took a key step toward gaining regulatory approval for its US$15 billion acquisition of financial-data company Refinitiv Holdings by entering into exclusive talks for the sale of its Italian exchange operator, reported The Wall Street Journal.  LSE announced Friday, September 18, it is in discussions to sell Borsa Italiana Group […]

The US Justice Department has closed its antitrust investigation into the London Stock Exchange Group’s (LSEG) acquisition of financial markets data firm Refinitiv, finding it would not harm competition or American consumers, the bureau said in a statement on Friday, July 31.  Assistant Attorney General Makan Delrahim of the Antitrust Division of the US Department […]

The European Commission has opened an in-depth investigation to assess the proposed acquisition of Refinitiv by the London Stock Exchange Group (“LSEG”) under the EU Merger Regulation. The Commission is concerned that the proposed acquisition may reduce competition in trading and clearing of various financial instruments and in financial data products. Executive Vice-President Margrethe Vestager, […]

EU commissioner Margrethe Vestager has agreed to temporarily relax state aid rules that the tech industry argued were holding up several countries’ support for start-ups, reported the Financial Times.  Many venture-backed technology companies are classified as being in “financial difficulty” under EU rules because they are run at a loss to accelerate growth or have […]

The London Stock Exchange said on Tuesday it was committed to completing its $27 billion takeover of data company Refinitiv in the second half of the year, with no plans to revise its savings targets for the deal as a deep recession beckons. “We still have a lot of confidence in the transaction, in the […]

European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. That could affect the timelines of agreed deals. Among the biggest is the London Stock Exchange’s (LSE) proposed acquisition of Refinitiv. LSE agreed last year to buy the data and analytics firm in […]

London Exchange’s (LSE) parent company has secured a regulatory approval from a US government panel for its proposed US$27 billion acquisition of financial data provider Refinitiv.  The Committee on Foreign Investment in the United States (CFIUS) stated Monday, March 16,  the takeover doesn’t raise any national security concerns, which clears yet another hurdle for the […]