Change Edition

Deutsche Boerse sees Refinitiv talks failing after LSE plans
takeovers

Deutsche Boerse sees Refinitiv talks failing after LSE plans

by bloomberg 27.07.2019 From our online archive
London Stock Exchange Group Plc said it wants to acquire the entire financial data and trading platform provider
Photo: shutterstock
Photo: shutterstock

Deutsche Boerse AG expects talks to buy some of Refinitiv’s foreign exchange business units to fail after the London Stock Exchange Group Plc said it wants to acquire the entire financial data and trading platform provider.

The German stock exchange operator said in a brief statement that it doesn’t expect a successful completion of talks with Refinitiv after learning LSE was planning to acquire Refinitiv in a $27 billion deal that would boost the UK firm’s fastest-growing business.

News of the LSE talks with Refinitiv emerged on Friday.

A deal could be announced as soon as next week, according to people familiar with the situation who asked not to be identified because the discussions are private.

Deutsche Boerse chief executive officer Theodor Weimer has said that many potential acquisition targets are too expensive and has promised investors that he won’t overpay.

Buying Refinitiv’s currency trading platform known as Fxall would have added to the German exchange’s existing currency platforms 360T and GTX.


Get the Luxembourg Times delivered to your inbox twice a day. Sign up for your free newsletters here.