NEWS
Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares at discount
Published On :
(Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stock Exchange Group worth about 2.7 billion pounds ($3.41 billion), a bookrunner said on Wednesday.
The placing of shares, which was upsized from 28 million, was at a price of 8,050 pence per share, a discount of about 5% to LSEG’s last closing price.
Shares in LSEG fell as much as 5.1% at 8038 pence in early trading.
The stock sale follows an earlier sale of more than $2 billion shares in March by Blackstone and Thomson Reuters, which became LSEG shareholders when they sold financial data firm Refinitiv to the bourse operator in 2021.
The balance of approximately 5.1 million voting ordinary shares owned indirectly by Blackstone and Thomson Reuters not sold in the Placing or the Retail Offer are subject to a 90 day lock-up,” said Barclays, one of the investment banks running the sale.
Thomson Reuters is the owner of Reuters News.
($1 = 0.7923 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sonia Cheema)
Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.
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