Consortium raises £1.4bn in placing of 21.5m LSEG shares

6th Mar 2024 07:51

(Sharecast News) - A consortium of investors in London Stock Exchange Group has sold 21.5m shares in a placing, raising around £1.4bn.

The consortium includes vehicles managed by Blackstone and Thomson Reuters and an affiliate of Canada Pension Plan Investment.

In a separate statement, LSEG said it has agreed to buy back £500m of voting and limited-voting ordinary shares from the consortium in an off-market transaction at 8,917p per share.

LSEG said that as previously indicated, it expects to execute up to £1bn of share buybacks this year.

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