(Alliance News) - A consortium of investors, including Blackstone Inc and Thomson Reuters, on Wednesday confirmed they had sold shares worth just short of GBP1.6 billion in London Stock Exchange Group PLC.

Shares in LSEG rose 0.4% to 9,088.00 pence in London on Wednesday.

BCP York Holdings Delaware LP, a consortium including Blackstone Inc, the Canada Pension Plan Investment Board, GIC Special Investments Pte Ltd and Thomson Reuters said it had sold 17.3 million shares in LSEG, by way of a placing to institutional and retail investors.

The placing at 9,150p per share values the stock sold at around GBP1.58 billion.

The sale represents around 3.3% of LSEG's share capital.

LSEG is not party to the placing or the retail offer and will not receive any proceeds.

The consortium inherited the stake when LSEG bought data services firm Refinitiv for USD27 billion in January 2021.

The placing and retail offer were undertaken in compliance with the relationship agreement agreed in December 2020.

On completion, Thomson Reuters will no longer hold any interest in LSEG and the relationship agreement will terminate in accordance with its terms.

The remaining around 9.4 million shares owned by BCP York Holdings are subject to the call options sold indirectly by BCP York in connection with the call option transaction announced in May.

Barclays Bank PLC, Merrill Lynch International, Citigroup Global Markets Ltd, Goldman Sachs International, JP Morgan Securities PLC and Morgan Stanley & Co International PLC acted as joint global coordinators and joint bookrunners in connection with the placing.

By Jeremy Cutler, Alliance News reporter

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