Consortium raises £1.4bn in placing of 21.5m LSEG shares
London Stock Exchange Group
8,934.00p
17:14 26/04/24
0.49%
44.00p
A consortium of investors in London Stock Exchange Group has sold 21.5m shares in a placing, raising around £1.4bn.
Financial Services
14,051.23
16:59 26/04/24
0.59%
81.87
FTSE 100
8,139.83
17:09 26/04/24
n/a
n/a
FTSE 350
4,470.09
16:59 26/04/24
n/a
n/a
FTSE All-Share
4,423.59
17:14 26/04/24
n/a
n/a
The consortium includes vehicles managed by Blackstone and Thomson Reuters and an affiliate of Canada Pension Plan Investment.
In a separate statement, LSEG said it has agreed to buy back £500m of voting and limited-voting ordinary shares from the consortium in an off-market transaction at 8,917p per share.
LSEG said that as previously indicated, it expects to execute up to £1bn of share buybacks this year.