Skip to main content

News

Thomson Reuters expects $1.52 billion from LSEG share sale

Friday 19 May 2023

Thomson Reuters said on Friday it expects to get $1.52 billion of pre-tax net proceeds from this week's sale of London Stock Exchange Group shares.

With private equity firm Blackstone and affiliated funds in an investor consortium, Thomson Reuters sold 33 million LSEG shares they co-owned at a price of £80.50 per share, a discount of about 5% to the previous day’s closing price.

 

The shares were acquired when Thomson Reuters sold Refinitiv, formerly its financial data business, to LSEG in 2021. ■

SOURCE
PR Newswire