# Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares at discount
Published: 2023-05-17
Category: Headlines
Category URL: https://brandsjournal.com/category/headlines/
Meta Title: Blackstone, Thomson Reuters Consortium Sells $3.4 Billion LS
Meta Description: Investor consortium offloads 33M shares in LSEG worth $3.4B at 5% discount, following a previous $2B sale in March. Blackstone and Thomson Reuters major stakeho
URL: https://brandsjournal.com/blackstone-thomson-reuters-consortium-sells-3-4-billion-lseg-shares-at-discount/

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## Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares at discount   (Reuters) -An investor consortium including U.S. buyout firm [Blackstone](https://brandsjournal.com/skincare-firm-loccitane-surges-on-report-blackstone-considering-buyout-bid/) and Thomson Reuters sold 33 million shares in the London Stock Exchange Group worth about 2.7 billion pounds ($3.41 billion), a bookrunner said on Wednesday.    The placing of shares, which was upsized from 28 million, was at a price of 8,050 pence per share, a discount of about 5% to LSEG’s last closing price.    Shares in LSEG fell as much as 5.1% at 8038 pence in early trading.    The stock sale follows an earlier sale of more than $2 billion shares in March by Blackstone and [Thomson](https://brandsjournal.com/thomson-reuters-keeps-outlook-but-wary-of-slowing-economy/) Reuters, which became LSEG shareholders when they sold financial data firm Refinitiv to the bourse operator in 2021.    “The balance of approximately 5.1 million voting ordinary shares owned indirectly by [Blackstone](https://brandsjournal.com/skincare-firm-loccitane-surges-on-report-blackstone-considering-buyout-bid/) 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 running the sale.    [Thomson](https://brandsjournal.com/thomson-reuters-keeps-outlook-but-wary-of-slowing-economy/) Reuters is the owner of Reuters News.    ($1 = 0.7923 pounds)    (Reporting by Yadarisa Shabong in Bengaluru; Editing by Sonia Cheema)


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