01 Aug 2019 LSEG and Refinitiv agree $27 billion mega-merger

LSEG’s acquisition of Refinitiv is expected to close in the second half of 2020, and is subject to shareholder and regulatory approval.  

The London Stock Exchange Group (LSEG) is set to acquire data and trading services provider Refinitiv for $27 billion, in a deal the exchange operator’s chief executive has described as ‘transformational’.

Both LSEG and Refinitiv said today that terms had been agreed, and that upon completion, Refinitiv shareholders Blackstone and Thomson Reuters will hold a 37% interest in LSEG and just under 30% of its total voting rights.

“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,” said LSEG CEO, David Schwimmer.

Read the full story here:  https://www.thetradenews.com/lseg-refinitiv-agree-27-billion-mega-merger/