The London Stock Exchange (LSE) said on Friday that it was “on track” to completing its takeover of the analytics company, Refinitiv, after a clearing activity led to a higher-than-expected annual income.
According to LSE CEO David Schwimmer, the $27 billion deal with Refinitiv is planned to be fulfilled by the second half of 2020.
The LSE reported that total income rose by 8% to 2.314 billion Pounds ($3.01 billion) by the end of last year compared to analyst expectations of 2.308 billion Pounds ($2.97 billion).
The total revenue had also hiked 8% to 2.07 billion Pounds.
The LSE’s post trade services unit as well as settlement and custody activities saw a 15% rise in revenue.
However, according to The Financial Times, the $27 billion deal has been met with intense scrutiny in Brussels that may result in an extended probe from regulators than anticipated.