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LSE shareholders set to back £22 billion Refinitiv deal

London Stock Exchange shareholders are set to approve the group's £22 billion acquisition of Refinitiv on Tuesday.

The Exchange group is expected to win more than 50 per cent of votes in favour of the takeover of Refinitiv, which is owned by private equity firm Blackstone and Thomson Reuters.

Hong Kong Exchanges and Clearing last month dropped its surprise £32 billion bid for the LSE, which has a market valuation of £24 billion, sparking a battle between bankers acting for the two exchanges. LSE called Hong Kong’s offer “fundamentally flawed”.

The LSE said at the time of its bid for Refinitiv in July that it would create a leading infrastructure provider, pitching the exchange against Bloomberg. ■

The Sunday Times