By Adriano Marchese

Thomson Reuters said Thursday it has sold more of the shares it co-owns in London Stock Exchange Group which should net the company about $1.5 billion in pretax proceeds.

The Canadian media conglomerate said it and certain investment funds affiliated with Blackstone collectively sold 35 million shares in LSEG that they co-own at a price of 79.50 British pounds ($99.43) a share.

Of those shares, about 15 million were indirectly owned by Thomson Reuters, and will have about 16.9 million LSEG shares remaining.

The sale of shares was conducted by way of a placement to institutional investors and an offer to retail investors, but 9.5 million shares were directly sold to LSEG which was part of their own buyback program.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

September 07, 2023 08:07 ET (12:07 GMT)

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