The European Commission approves that London Stock Exchange Group (LSEG) acquire Refinitiv – the data provider and owner of trading venue operator Tradeweb. In return, LSEG is to deliver on a long list of commitments, including sale of Borsa Italiana and open-access reform of LCH Swapclear.
The European Commission lists its requirements in a press release. It is assigning a trustee to monitor that LSEG does what it says. Third parties who question the groups compliance will be guaranteed quick handling under a specified “fast track and binding dispute resolution mechanism” which is also part of the deal.
We first wrote about LSEG’s acquisition ambitions around Refinitiv in 2019, then in October 2020 the agreement to sell Borsa Italiana (including Monte Titoli, the Italian CSD).