The London Stock Exchange will buy Refinitiv

The European Union antitrust regulators gave the green light to the purchase of Refinitiv by the London Stock Exchange (LSE, for its acronym in English) for $ 27 billion.

The European Commission, which oversees competition policies in the 27 EU nations, said its investigation found several concerns about the deal, but will be addressed with “remedies” such as the LSE’s sale of Borsa Italiana, which manages the Milan Stock Exchange.

“The infrastructure of competition in operations services and access to financial data products on fair and equal terms is essential for the European economy and, in particular, for consumers and businesses,” said Margrethe Vestager, Commissioner for Competition at the Commission.

The LSE and Refinitiv merger will continue to be overshadowed by financial data leader Bloomberg LP, but would outperform the S&P and IHS Markit combination, whose $ 44 billion merger was announced last year.

LSE said the deal is still subject to a small number of approvals from merger control authorities and financial regulations, which is expected to be completed in the first quarter of the year.

Refinitiv, which is 45% owned by Thomson Reuters, parent of Reuters News, referred the requests for comment to the London Stock Exchange.

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