Thomson Reuters sells LSEG shares
Wednesday 17 May 2023
Thomson Reuters and partners in an investor consortium sold 33 million London Stock Exchange Group shares worth £2.7 billion on Wednesday.
The placing of shares, originally set at 28 million, was at a price of £80.50 per share, a discount of about 5% to LSEG's closing price on Tuesday.
LSEG shares fell as much as 5.1% in early trading.
The consortium included US buyout firm Blackstone, Canada Pension Plan Investment Board and Singaporean sovereign wealth fund GIC.
The sale followed an earlier disposal of more than $2 billion shares in March by Blackstone and Thomson Reuters, which became LSEG shareholders when they sold Refinitiv, formerly the financial data division of Thomson Reuters, to the bourse operator in 2021. ■