Finance
Blackstone, Thomson Reuters Raise £2 Billion in LSE Offering
- The consortium includes former owners of data firm Refinitiv
- Separately, LSE Group says bought £750 million of shares
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A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. raised about £2 billion ($2.5 billion) by offloading shares in London Stock Exchange Group Plc via an overnight placing.
The group, which also includes Canada Pension Plan Investment Board and Singaporean sovereign wealth fund GIC, sold 25.5 million shares at £79.50 apiece, according to a statement Thursday. The price represents a 3.8% discount to the exchange operator’s previous close.