(Sharecast News) - The European Commission said it had extended its deadline for a ruling on the London Stock Exchange's $27bn takeover of financial data business Refinitiv by four days to January 21.
No reasons were given for the extension.
In October, the LSE agreed the sale of Borsa Italiana for about €4.32bn (£3.9bn) to Euronext to get approval for the Refinitiv deal, which was announced in August 2019.
Regulators widened their investigation of the deal earlier this year, citing issues ranging from the companies' combined control of financial data and the effect a tie-up could have on trading and clearing of bonds and derivatives.
29 Jan 2021 08:39
UPDATE 3-LSE looks at 'blank cheque' deals to keep London ahead after Brexit
* No repeat of frenzied U.S. trading in UK so far* LSE has no plans to shift euro clearing out of London* Focus on integrating Refinitiv, cutting debt...