London Stock Exchange completes purchase of Refinitiv

LSE, which lists shares worth £3 trillion, is now linked with Refinitiv’s data terminals, which rank second behind those of market leader Bloomberg.

Refinitiv was majority owned by a group of private equity firms with a 45 per cent interest being held by Thomson Reuters. It was formerly the Canadian group’s financial and risk business.

“This transformational transaction brings together two highly complementary global businesses with a shared commitment to an Open Access philosophy, working in partnership with customers,” LSE chief executive David Schwimmer said in a statement.

Thomson Reuters now indirectly owns 82.5 million LSE Group shares, which have a market value of approximately $9.8 billion.

Thomson Reuters continues to own Reuters News. A 30-year Reuters News agreement with Refinitiv will continue and is scheduled to run to 2048.

Erin Brown, head of finance for Thomson Reuters Corporates segment, has been appointed to the LSEG board of directors. ■