By Sabela Ojea

 

London Stock Exchange Group PLC said Monday that it is committed to closing the acquisition of Refinitiv despite the European Commission encouraging it to delay merger filings as part of its coronavirus-related measures.

The stock-market operator said it continues "to engage constructively with the European Commission and other relevant regulators and stakeholders to ensure that all filings and approvals proceed as efficiently as possible."

The transaction is expected to be closed during the second half of 2020, it said.

The group also said that the U.S. Committee on Foreign Investment has concluded that there are no unresolved national security concerns from the transaction.

LSE agreed to acquire Refinitiv in an all share transaction for a total enterprise value of around $27 billion in August, and received shareholders' approval in November.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

March 16, 2020 08:53 ET (12:53 GMT)

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