London Stock Exchange agrees to buy Refinitiv in $27 bln deal
- Country:
- United Kingdom
London Stock Exchange has agreed to buy financial information firm Refinitiv, the company said on Thursday, in a $27 billion deal that will transform the British group into a market data and analytics giant. The deal, announced ten months after a Blackstone-led consortium completed a leveraged buyout of Refinitiv from Thomson Reuters, marks a rapid turnaround for the U.S. private equity group which is set to double the value of its investment, according to a person familiar with the deal.
As part of the deal initially announced last week, Refinitiv shareholders will ultimately hold around a 37% stake in LSE but less than 30% of the total voting rights. The announcement came as LSE reported an 8% rise in first-half total income.
Thomson Reuters, the parent company of Reuters, holds a 45% stake in Refinitiv.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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