Blackstone, GIC and Others Sell £1.6 Billion Stake in LSEG (1)

A consortium of investors including Blackstone Inc. offloaded shares worth about £1.6 billion ($2 billion) in <-rte-company state="{"_id":"0000018f-7b00-de3b-adcf-fba344fc0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">London Stock Exchange Group Plc, 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 Pte. and Thomson Reuters, sold roughly 17.3 million voting ordinary shares in LSEG at £91.50 each via a placing to institutional investors, according to a statement Wednesday.

The selling consortium is made up of <-bsp-bb-link state="{"bbDocId":"S0LY53T0AFB4","_id":"0000018f-7b00-de3b-adcf-fba344fd0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">the former owners of Refinitiv, the firm that LSEG ...