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Blackstone, Thomson Reuters Plan $2.9 Billion LSE Share Sale

Published by: dailynews
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A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. are looking to sell about £2.3 billion ($2.9 billion) worth of stock in London Stock Exchange Group Plc.

The group, which also includes Canada Pension Plan Investment Board and Singaporean sovereign wealth fund GIC, plan to offload 28.3 million shares, according to a regulatory filing.

Separately, LSE notified the investors that it plans to make an off-market purchase of approximately £750 million worth of shares, the filing said.

Read the full story on Bloomberg here.