Deutsche Boerse no longer plans to buy Refinitiv foreign exchange assets



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FRANKFURT (Reuters) – The German stock exchange operator Deutsche Boerse (DB1Gn.DE) said Saturday that he should no longer buy foreign currency badets from the Refinitiv data provider after a competing bid for the entire Refinitiv with the London Stock Exchange (LSE).

The LSE (LSE.L) said Friday be in negotiations to acquire the financial data badysis provider Refinitiv Holdings Ltd for $ 27 billion (21.81 billion pounds sterling), including debt.

"The executive committee of Deutsche Boerse AG is not expecting the conclusion of discussions regarding the purchase of some foreign exchange trading units," said Deutsche Boerse about his own discussions with Refinitiv.

LSE's approach to Refinitiv comes less than a year after the acquisition of Blackstone Group Inc. (BX.N) acquired a majority stake in Refinitiv from Thomson Reuters Corp. (TRI.TO), valuing the company at the time at $ 20 billion, including debt.

Thomson Reuters owns Reuters News.

Reportage by Edward Taylor; Edited by Mark Potter

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