LSEG strikes deal to acquire PE-owned Refinitiv for $27 bln

London Stock Exchange Group plc (LSEG) has agreed to acquire Refinitiv, a London, U.K.-based provider of financial markets data and infrastructure, in an all-share deal valued at about US$27 billion. The agreement was struck with a consortium led by Blackstone Group and Thomson Reuters, and including Canada Pension Plan Investment Board, which last year acquired Refinitiv, formerly Thomson Reuters’ financial and risk unit. It will see Refinitiv shareholders hold an about 37 percent interest in LSEG and less than 30 percent of the total voting rights. The transaction is expected to wrap up in the second half of 2020. Thomson Reuters is controlled by Canada’s Thomson family.

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