A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. are looking to sell £2.4 billion ($3 billion) worth of stock in London Stock Exchange Group Plc, two months after their last disposal of the company’s shares.
(Bloomberg) — A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. are looking to sell £2.4 billion ($3 billion) worth of stock in London Stock Exchange Group Plc, two months after their last disposal of the company’s shares.
The group, which also includes Canada Pension Plan Investment Board and Singaporean sovereign wealth fund GIC, is offering about 28 million shares in the accelerated placement, according to terms seen by Bloomberg. The stock on offer represents a 5.1% stake in the stock exchange.
The placing had attracted enough investor demand for all the shares on offer within minutes of deal launch, according to a term sheet. Following the sale, Blackstone and Thomson Reuters will own about 10.1 million shares in London Stock Exchange, the terms showed.
Citigroup Inc., Barclays Plc, Bank of America Corp. and JPMorgan Chase & Co. arranged the share sale.
Read More: Blackstone, Thomson Reuters Sell $2.4 Billion of LSEG Shares
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