By Adriano Marchese

 

Thomson Reuters said Friday that it has sold 33 million London Stock Exchange Group shares that it co-owned with certain investment funds affiliated with Blackstone for which it will receive $1.52 billion.

The Canadian conglomerate said that of the shares, about 15.3 million were indirectly owned by Thomson Reuters, and that after the transaction closes, it will own about 32 million shares.

The sale of shares was conducted by way of a placement to institutional investors and an offer to retail investors.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

May 19, 2023 07:55 ET (11:55 GMT)

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