01 Aug 2019 London Stock Exchange Boss Marks First Year on the Job With $14.5 Billion Refinitiv Deal
European exchange operator agrees to acquire financial-information and terminal business Refinitiv from a Blackstone-led consortium
In the job a year to the day, London Stock Exchange Group PLC Chief Executive David Schwimmer has wasted little time putting his stamp on the European exchange operator.
The veteran Goldman Sachs Group Inc. banker is a key architect behind the LSE’s $14.5 billion deal confirmed Thursday to acquire financial-information and terminal business Refinitiv Holdings Ltd. from a Blackstone Group Inc. -led consortium. The stock deal marks the exchange operator’s largest acquisition after its $2.7 billion purchase of Frank Russell Co. in 2014. The LSE first disclosed the talks Saturday.