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BRUSSELS (Reuters) – The London Stock Exchange is set to win EU antitrust approval for its $27 billion (20.2 billion pounds) acquisition of data analytics company Refinitiv, two people familiar with the matter said on Wednesday.
The deal would make the LSE a major distributor and creator of market data. Last month it offered to allow rivals non-discriminatory access to clearing and data for 10 years as part of a package of concessions which included the sale of its Borsa Italiana operations to Euronext.
The sources declined to provide details of any changes to the concessions. Refinitiv is 45% owned by Reuters’ parent Thomson Reuters (NYSE:TRI).
The European Commission, which is scheduled to decide on the deal by Jan. 21, declined to comment. LSE and Refinitiv also declined to comment.
LSE shares gained 4% on the Reuters story and were up 5.4% in latest trade.
