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LSEG investors offload shares worth $2 bln
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LSEG investors offload shares worth $2 bln
May 15, 2024 12:23 AM

LONDON, May 15 (Reuters) - A consortium of London Stock

Exchange Group's ( LDNXF ) investors sold 1.6 billion pounds ($2

billion) worth of shares in the company, bookrunner Morgan

Stanley said on Wednesday, in a deal that ends Thomson Reuters' ( TRI )

interest in the firm.

The consortium has sold an aggregate of approximately

17.3 million voting ordinary shares at a price of 9,150 pence a

share via a placing to institutional investors and a separate

offer to retail investors.

As a result of the sales, Thomson Reuters ( TRI ) will no longer

hold any interest in LSEG and the Relationship Agreement will

terminate in accordance with its terms, the bookrunner said.

The placing price represented a premium of 1.1% on

LSEG's closing share price on May 14.

"To price at a premium for a deal of this scale is

unprecedented, demonstrating demand for LSEG's stock and the

liquidity of London's market," a spokesperson for LSEG said.

"The entire sell-down of the Blackstone Consortium's

stake, since LSEG acquired Refinitiv, is also the largest ever

stake in a European corporate sold by any non-sovereign entity,"

the spokesperson added.

LSEG bought Refinitiv in January 2021 for $27 billion to

compete more effectively with global market data leader

Bloomberg.

LSEG pays Reuters for news.

($1 = 0.7942 pounds)

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