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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Blackstone, Thomson Reuters partnership sells $3.4 bln LSEG shares in upsized sale

Signage is seen outside the Blackstone Group headquarters
Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. ... Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo
Signage is seen outside the Blackstone Group headquarters
Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. ... Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo

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On Wednesday, a bookrunner said that Blackstone BX.N and Thomson Reuters TRI.TO sold 33 million London Stock Exchange Group LSEG.L shares for 2.7 billion pounds ($3.41 billion).

The placing, upsized from 28 million, was at 8,050 pence per share, 5% below LSEG’s closing price.

LSEG fell 5.1% to 8038 pence early on.

Blackstone and Thomson Reuters sold $2 billion in March after selling Refinitiv to the exchange operator in 2021.

“The balance of approximately 5.1 million voting ordinary shares owned indirectly by Blackstone and Thomson Reuters not sold in the Placing or the Retail Offer are subject to a 90-day lock-up,” said Barclays, one of the investment banks coordinating the transaction.

Thomson Reuters owns Reuters.

 


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