LSEG investors sell down stake in £2.75bn deal

A consortium of investors in London Stock Exchange Group have sold a tranche of shares, it was confirmed on Thursday, raising around £2.75bn.

BCP York Holdings - which includes US private equity firm Blackstone, Thomson Reuters, the Canadian Pension Plan Investment Board and Singapore’s sovereign wealth fund GIC - sold the stock to institutional investors at 7,950p per voting share.

In addition, LSEG also agreed to buyback more than 9m shares from the consortium at 7,894p per share.

Both prices were at a discount to LSEG’s previous closing price.

The four investors became shareholders in LSEG in 2021, when they sold financial data and analytics specialist Refinitiv to the owner of the London Stock Exchange in a transformative $27bn deal.

As at 1000 BST shares in LSEG were off 1% at 8,146p.