Thomson Reuters confirms talks to sell Refinitiv to LSEG for $27 bln

Thomson Reuters (TSX, NYSE: TRI) said it and U.S. private equity firm Blackstone Group are in discussions to sell Refinitiv to the London Stock Exchange Group plc (LSEG) for about US$27 billion, confirming an earlier report. It is expected the deal would result in Thomson Reuters holding an about 15 percent stake in LSEG. Refinitiv, a London, U.K.-based provider of financial markets data and infrastructure, emerged last year with the acquisition of Thomson Reuters' financial and risk unit by a group led by Blackstone. Canada Pension Plan Investment Board was among the investors. Thomson Reuters is controlled by Canada’s Thomson family.

Managers