Home Business News LSE confirms £22bn Refinitiv merger

LSE confirms £22bn Refinitiv merger

by LLB Reporter
1st Aug 19 10:15 am

The London Stock Exchange (LSE) has agreed to buy the data company provider Refinitiv for £22.3bn.

Shareholders which includes Blackstone and Thomson Reuters will hold a 37% stake and less than 30% of voting rights.

LSEG chief executive David Schwimmer, who will lead the group said, “This transformational acquisition creates a multi-asset class capital markets business and brings world class data content, management and distribution capabilities to LSEG, accelerating our strategy and expanding our global footprint.

“This positions us in key areas of future growth as a global financial markets infrastructure leader.”

Schwimmer added, “We have continued to invest across our businesses, working in partnership with customers to deliver innovative products and services, while continuing to control costs.

“The group remains well positioned in an evolving regulatory and macroeconomic environment and we expect to make further progress in the second half.”

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