London Stock Exchange (LSE) still has to submit a request for approval to the European Commission for the acquisition of financial service provider and data supplier Refinitiv. According to the Financial Times, the British stock exchange company will probably do so within a few weeks.

The two parties are still working on the key question of what “the market” is within which the deal should be assessed, the business newspaper argues based on insiders. That question is crucial for the direction of the Brussels competition investigation. The amalgamation was originally announced on August 1.

LSE wants to buy Refinitiv from Blackstone and Thomson Reuters. The deal is fully settled in shares, with Refinitiv valued at $ 27 billion. This is where one of the world’s largest providers of financial data and analysis tools emerges. In addition to running the London stock exchange, LSE is already a supplier of stock exchange information, and the transaction also adds numerous other information systems.