Thomson Reuters today announced that it and private equity funds affiliated with Blackstone have closed the sale of Refinitiv to London Stock Exchange Group plc (LSEG) in an all-share transaction – Press release
Refinitiv is Thomson Reuters former Financial & Risk business, a majority interest in which was sold to Blackstone’s consortium in October 2018. Thomson Reuters and Blackstone’s consortium subsequently agreed to sell Refinitiv to LSEG in August 2019.
Prior to the sale, RPF and SPS Trustees agreed with LSEG that the protections negotiated at the time of the Blackstone deal should be preserved under LSEG ownership. This was agreed amicably between the parties and the Trustees look forward to a fruitful relationship with LSEG going forward.