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F&R to be renamed Refinitiv after Blackstone deal
Friday 27 July 2018
Thomson Reuters' financial and risk division, in which US private equity firm Blackstone is buying a majority stake, will be renamed Refinitiv once the deal closes, the company said on Friday.
Blackstone is making its biggest bet since the financial crisis with the $20 billion deal, which pits co-founder Stephen Schwarzman against fellow billionaire and former New York Mayor Michael Bloomberg in the financial information industry.
F&R provides information and related services to financial services professionals.
David Craig (photo), current head of F&R, will be CEO of Refinitiv, Thomson Reuters said in the statement.
The deal is expected to close this year, it said. ■
- SOURCE
- Reuters
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