London Stock Exchange: in discussions to buy Refinitiv
(CercleFinance.com) - London Stock Exchange Group is in discussions with Blackstone and Thomson Reuters to buy Refinitiv in a deal that could value the market data provider at 27 billion dollars.
Noting recent press speculation, LSEG today confirmed that it is in discussions with a consortium including funds affiliated with Blackstone, as well as Thomson Reuters, about a potential acquisition.
While there can be no certainty that a transaction will be "forthcoming," it is expected that LSEG would acquire Refinitiv for a total enterprise value of approximately 27 billion dollars, with new LSEG shares to be issued as consideration in full, the stock exchange operator said.
"The combined business would create a leading, UK headquartered, global financial market infrastructure provider with significant multi-asset capital markets capabilities, a leading data and analytics business and a broad post-trade offering, well positioned for future growth in an evolving landscape," LSEG said.
Refinitiv sells financial data, market intelligence and analytics to over 40,000 sell-side firms, market infrastructure companies, governments, and financial technology firms.
London Stock Exchange shares are currently jumping over 15%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Noting recent press speculation, LSEG today confirmed that it is in discussions with a consortium including funds affiliated with Blackstone, as well as Thomson Reuters, about a potential acquisition.
While there can be no certainty that a transaction will be "forthcoming," it is expected that LSEG would acquire Refinitiv for a total enterprise value of approximately 27 billion dollars, with new LSEG shares to be issued as consideration in full, the stock exchange operator said.
"The combined business would create a leading, UK headquartered, global financial market infrastructure provider with significant multi-asset capital markets capabilities, a leading data and analytics business and a broad post-trade offering, well positioned for future growth in an evolving landscape," LSEG said.
Refinitiv sells financial data, market intelligence and analytics to over 40,000 sell-side firms, market infrastructure companies, governments, and financial technology firms.
London Stock Exchange shares are currently jumping over 15%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.