LONDON, May 15 (Reuters) – A consortium of London Stock Exchange Group’s (LSEG.L), opens new tab investors sold 1.6 billion pounds ($2 billion) worth of shares in the company, bookrunner Morgan Stanley said on Wednesday, in a deal that ends Thomson Reuters’ (TRI.TO), opens new tab interest in the firm.
The consortium has sold an aggregate of approximately 17.3 million voting ordinary shares at a price of 9,150 pence a share via a placing to institutional investors and a separate offer to retail investors.
As a result of the sales, Thomson Reuters will no longer hold any interest in LSEG and the Relationship Agreement will terminate in accordance with its terms, the bookrunner said.
The placing price represented a premium of 1.1% on LSEG’s closing share price on May 14.
“To price at a premium for a deal of this scale is unprecedented, demonstrating demand for LSEG’s stock and the liquidity of London’s market,” a spokesperson for LSEG said.
Source: REUTER
