Deutsche Boerse no for a longer time expects to purchase Refinitiv forex trading assets – Reuters

FRANKFURT, July 27 (Reuters) – German exchange operator Deutsche Boerse said on Saturday it no for a longer time envisioned to purchase some foreign exchange assets from data provider Refinitiv after a rival bid for the full of Refinitiv from the London Stock Trade (LSE).

The LSE said on Friday it was in talks to purchase money data analytics provider Refinitiv Holdings Ltd for $27 billion, which include financial debt.

“Deutsche Boerse AG Govt Board does not count on productive completion of discussions relating to the buy of sure Forex small business models,” Deutsche Boerse said about its have talks with Refinitiv.

The LSE’s approach to Refinitiv comes a lot less than a yr after buyout company Blackstone Group Inc acquired a bulk stake in Refinitiv from Thomson Reuters Corp, valuing the business at the time at $twenty billion which include financial debt.

Thomson Reuters owns Reuters Information. (Reporting by Edward Taylor Enhancing by Mark Potter)

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