CFIUS concludes review of London Stock Exchange’s planned acquisition of Refinitiv

Maria Nikolova

The Committee on Foreign Investment in the United States has determined that there are no unresolved national security concerns with respect to the transaction.

London Stock Exchange Group plc (LSEG) has earlier today provided an update on the approval process related to the planned acquisition of Refinitiv.

LSEG today confirms that the Committee on Foreign Investment in the United States (CFIUS) has concluded its review of the transaction and has determined that there are no unresolved national security concerns with respect to the deal.

LSEG says it continues to make progress in relation to the remaining antitrust and regulatory clearances that the planned acquisition is also conditional upon. LSEG notes the European Commission’s statement dated March 13, 2020 in relation to its special measures related to COVID-19 and encouraging the delay of merger filings. LSEG continues to engage constructively with the European Commission and other relevant regulators and stakeholders to ensure that all filings and approvals proceed as efficiently as possible.

LSEG is committed to closing the transaction during the second half of 2020.

In August 2019, LSEG announced the acquisition of Refinitiv in an all-share transaction for an enterprise value of approximately $27 billion. The proposed acquisition, which was approved by LSEG’s shareholders in November 2019, significantly accelerates LSEG’s existing strategy to be a leading global financial markets infrastructure provider. Thanks to the deal, LSEG is set to markedly expand its data and analytics offering to create a global multi-asset class capital markets business.

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