London Stock Exchange has agreed to buy Refinitiv in a US$27 billion ($37 billion) bet that the future of the financial services industry is one dominated by data. The transaction is expected to be completed in 2H2020. Shareholders of Refinitiv, including Singapore’s sovereign wealth fund GIC, will receive a stake of about 37% in the enlarged firm.
SINGAPORE (Aug 5): “If you want marines to drive away the Chinese fishermen, not one of them will come home alive.” — Philippine President Rodrigo Duterte, defending his agreement with China to allow Chinese fishermen to operate in the West Philippine Sea and that this act has prevented war with China
LSE confirms US$27 bil acquisition of GIC-owned Refinitiv
