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)