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Blackstone and Thomson Reuters, the parent of Reuters News, have
been trimming their stakes in LSEG since becoming shareholders
through the sale of financial data provider Refinitiv to the
British bourse operator in 2021.
The latest sale by the consortium, which also includes Canada's
CPPIB and Singapore's GIC, was to institutional investors for
around 25.5 million shares at 79.50 pounds per voting share,
raising about 2 billion pounds.
The price reflects a 3.8% discount to LSEG's 82.64 pound closing
share price on Wednesday.
LSEG shares opened 2% down on Thursday and were trading at 80.80
pounds by 0703 GMT.
In a separate statement LSEG, which pays Reuters for news, said
it had also agreed to pay the consortium nearly 750 million
pounds to buy back more than 9 million shares directly at 78.94
pounds per share, representing a discount of 4.5%.
The company had flagged in March that it intended to pursue such
a buyback.
A separate offer to retail investors was also agreed, the
bookrunners said, as well as the sale of call options over about
7.9 million shares to Goldman Sachs, Barclays, BofA Securities
and Morgan Stanley.
(Reporting by Iain WithersEditing by Sinead Cruise and David
Goodman)
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