# Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares at discount
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-05-17
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Blackstone, Thomson Reuters consortium sells $3.4 billion
Meta Description: Discover how the Blackstone and Thomson Reuters consortium sold LSEG shares worth $3.4 billion at a 5% discount. Get the details now!
URL: https://financedigest.com/blackstone-thomson-reuters-consortium-sells-3-4-billion-lseg-shares-at-discounthtml

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(Reuters) -An investor consortium including U.S. buyout firm Blackstone and [Thomson](https://www.financedigest.com/thomson-reuters-lifts-sales-outlook-on-back-of-earnings-beat.html) Reuters sold 33 million [shares](https://www.financedigest.com/arms-shares-rise-as-wall-street-eyes-ipo-lock-up-expiration.html) 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](https://www.financedigest.com/arms-shares-rise-as-wall-street-eyes-ipo-lock-up-expiration.html) 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](https://www.financedigest.com/nestle-sale-of-loreal-shares-pleases-investors-on-both-sides.html "Nestle sale of L’Oreal shares pleases investors on both sides") in March by Blackstone and [Thomson](https://www.financedigest.com/thomson-reuters-lifts-sales-outlook-on-back-of-earnings-beat.html) 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 and [Thomson Reuters](https://www.financedigest.com/thomson-reuters-report-reveals-risk-compliance-staff-expect-to-see-significant-benefits-from-artificial-intelligence-ai-and-distributed-ledger-technologies.html "Thomson Reuters Report Reveals Risk & Compliance Staff Expect to See Significant Benefits from Artificial Intelligence (AI) and Distributed Ledger Technologies") 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://www.financedigest.com/thomson-reuters-lifts-sales-outlook-on-back-of-earnings-beat.html) 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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