LSEG to spend £1 billion on Refinitiv integration this year
The $27 billion acquisition of data and analytics giant Refinitiv was completed by LSEG in January earlier this year.
The $27 billion acquisition of data and analytics giant Refinitiv was completed by LSEG in January earlier this year.
The pan-European exchange has subsequently reshuffled the leadership of its Paris business in preparation for the completion of the deal.
Delphine d’Amarzit joins Euronext Paris as chief executive, replacing Anthony Attia who will become global head of primary markets and post-trade at a group level at Euronext.
The European Commission’s approval under the EU Merger Regulation takes the London Stock Exchange Group one step closer to its mammoth $27 billion Refinitiv take-over.
More than 99.9% of shareholder votes cast at the Euronext general meeting were in favour of its proposed takeover of LSEG’s Borsa Italiana.
The sale of LSEG’s Borsa Italiana business is dependent on approval from the European Commission on the exchange group's Refinitiv acquisition.
The acquisition of Borsa Italiana by Euronext is dependent on the LSEG gaining approval from European authorities for its blockbuster takeover of Refinitiv.
Euronext moves forward with Borsa Italiana talks after bids from fellow exchange operators Deutsche Börse and SIX.
To address competition concerns raised by the European Commission as it looks to acquire Refinitiv, LSEG is seeking to offload Borsa Italiana.
LSEG had previously stated it is considering offloading Borsa Italiana to alleviate competition concerns about its Refinitiv acquisition.