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Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares in upsized offering

2023-05-17 14:58
An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London
Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares in upsized offering

An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stock Exchange Group worth about 2.7 billion pounds ($3.41 billion), Barclays Bank said on Wednesday.

The placing of shares was upsized from 28 million, the investment bank running the sale, added.

Thomson Reuters is the owner of Reuters News.

($1 = 0.7923 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sonia Cheema)