The European Commission has given final approval to the UK stock exchange company London Stock Exchange (LSE) to acquire Refinitiv. The Brussels-based antitrust authority, doing in-depth investigation into the merger of the two companies, because of concerns about reduced competition in the market of financial instruments. After LSE sold, among other things, the Milan stock exchange, these objections were removed.

The stock deal between LSE and Refinitiv, which is worth $ 27 billion, creates one of the world’s largest providers of financial data and analysis tools. LSE is also a supplier of stock exchange information in addition to the owner of the London Stock Exchange, and many other information systems are added by the transaction.

To get approval for the deal, LSE de Borsa Italiana in Milan sold last year to Euronext for 4.3 billion euros. Euronext, which also operates all the stock exchanges in, among others, Amsterdam, Paris and Brussels, became the largest stock exchange company in Europe thanks to the takeover of Borsa Italiana.

LSE also promised the European regulator that it would continue to give its competitors access to important market information. These include the well-known Stock Exchange meters such as the FTSE 100, but also information on exchange rates.