Deals
LSE Offer Fails to Fix Refinitiv Deal, Rivals Set to Warn EU
- Concessions don’t solve EU concerns, competitors will complain
- Rivals will urge European Commission to seek tougher remedies
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London Stock Exchange Group Plc’s rivals are set to warn European Union regulators that the company’s promises to offer them access to data fails to resolve antitrust concerns over LSE’s $27 billion takeover of Refinitiv.
At least two competitors will tell the EU that LSE’s current concessions won’t curb its increased power over interest rate derivatives and information services, according to people familiar with the matter who asked not to be named because the so-called market test of the LSE offer is private.