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EU approves London Stock Exchange's USD27 billion takeover of Refinitiv

By - AlShorts Web Desk

European Union regulators approved London Stock Exchange's USD27 billion takeover of Refinitiv (US financial data provider) adhering to certain conditions. The condition asked that parties will ensure markets to remain open and competitive. Refinitiv headquartered in New York has 40,000 institutional clients in almost all countries. The deal will also see Thomson Reuter-Blackstone consortium holding 375 in LSEG.