The selling consortium is made up of the former owners of Refinitiv, the firm that LSEG acquired for US$27 billion ($36.44 billion) three years ago. The placing represents a 3.3% economic and voting interest in the data provider.
A consortium of investors including Blackstone offloaded shares worth about GBP1.6 billion ($2.72 billion) in London Stock Exchange Group (LSEG), exiting a stake the group inherited when the bourse bought data services firm Refinitiv in 2021.
York Holdings, whose backers include Blackstone and affiliates of the Canada Pension Plan Investment Board, GIC Special Investments and Thomson Reuters, sold roughly 17.3 million voting ordinary shares in LSEG at GBP91.50 each via a placing to institutional investors, according to a May 15 statement.
