Tags: london | stock | exchange | refinitiv

London Stock Exchange Agrees to Buy Refinitiv in $27 Bln Deal

London Stock Exchange Agrees to Buy Refinitiv in $27 Bln Deal
(Mohamed Ahmed Soliman | Dreamstime)

Thursday, 01 August 2019 07:28 AM

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.

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
Companies
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.
london, stock, exchange, refinitiv
135
2019-28-01
Thursday, 01 August 2019 07:28 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved