01 Aug 2019 LSE acquisition of Refinitiv
London Stock Exchange (“LSE“) signed a deal with investment funds affiliated with Blackstone and Thomson Reuters to acquire Refinitiv, financial data and trading platforms provider. Refinitiv shareholders will acquire a stake of approximately 37 per cent economic interest in LSEG and less than 30 per cent of the total voting rights of LSEG.
“The transaction brings together two highly complementary businesses to create a leading, UK headquartered, global financial markets infrastructure provider with a leading data and analytics business, significant capital markets capabilities across multiple asset classes, and a broad post-trade offering, well positioned for future growth in a fast evolving landscape” states the LSE press release as of August 1, 2019. Together, LSE and Refinitiv generated revenues of over £ 6 bn in 2018.
The move aims to transform LSE in the largest listed Financial Markets Infrastructure (FMI) provider with global perspective and less dependent from European markets.
Refinitiv was created less than a year ago with the acquisition of a 55% stake of Financial & Risk unit by private equity firm Blackstone Group LP from Thomson Reuters Corp.
For further information on the topic, see the articles listed below: