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EU Commission examines refinitive takeover by London Stock Exchange message

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BRUSSELS (dpa-AFX) – The EU competition watchdogs are taking a closer look at the planned takeover of the financial data provider Refinitiv by the London Stock Exchange. As the EU Commission announced on Monday, an in-depth review of the project had been launched. “The Financial markets play a very important role in the European economy, “said EU Competition Commissioner Margrethe Vestager.” We will carefully examine whether the proposed takeover (…) would affect competition in these markets. “

The London Stock Exchange (London Stock Exchange (LSE)) announced in August last year that it would take over Refinitiv for $ 27 billion (around € 24 billion), making it more independent of the equity business. The merger was notified to the EU Commission on May 13. Deutsche Börse was also interested in parts of the refinitive currency trading.

The EU Commission expressed concerns, among other things, on Monday that the emerging company would have a “very high market share in the area of ​​electronic trading in European government bonds”. It could be difficult for a new trading center to “gain enough customers and develop into a real alternative to the established trading centers”.

In addition, there is concern that competitors may in future be excluded from access to data for consolidated real-time data feeds and desktop services by the London Stock Exchange. The EU Commission now has until October 27 to examine the merger / wim / DP / zb

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