London Stock Exchange Group (LSEG), alongside certain investment funds affiliated with Blackstone and Thomson Reuters, are to acquire Refinitiv in an all share transaction.
Blackstone’s consortium includes an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC and co-investors.
LSEG explained that the transaction will offer significant customer benefits across the full range of LSEG’s businesses by extending its trading capabilities across asset classes as well as expanding its data content, management and distribution capabilities.
The transaction is also expected to increase LSEG’s global footprint and enable LSEG, Refinitiv and their customers to benefit from future data and technology-enabled innovation and growth opportunities.
Commenting on the transaction, Don Robert, chairman at LSEG, said: “This transaction is a defining moment for LSEG in terms of its strategic importance. It will create substantial value for our shareholders and important benefits for our customers, employees and other stakeholders.”
He added: “The board and I look forward to welcoming Blackstone and Thomson Reuters as supportive, long-term shareholders as we work together to realise the compelling benefits of this transaction.”
David Schwimmer, CEO at LSEG, commented: “With the acquisition of Refinitiv, we will transform our position as a leading global financial markets infrastructure group. Refinitiv brings highly complementary capabilities in data and capital markets, as well as deep customer relationships across a truly global business.”
