Investors Sell £2.7bn London Stock Exchange Stake

Investors in London Stock Exchange Group sell £2.7bn stake. The stake was sold to hedge fund counterparty, placing downward pressure on shares. However, many analysts still see the stock as attractive and consider it a long-term investment opportunity. The sale comes as part of a wider trend of investors taking profits after a strong year for the stock market.

London Stock Exchange Group PLC (LON:) said an investor group with Blackstone (NYSE:) and Thomson Reuters (NYSE:TRI) is selling more of its shares, equalling 33 million in total.

The company is selling shares to big investment groups and regular people. Each share costs 8,050p.

Yesterday, the announcement was made that the placing will increase. It will now be for 28 million shares. This will result in a raised amount of £2.7 billion.

In January end, Blackstone and Thomson Reuters' stake in LSEG got rid of lock-up rules for almost 66 million shares. In March, the consortium sold 28 million LSEG shares at 7,150p per share.

In 2021, when the stock exchange bought Refinitiv, two companies became shareholders.

There are 5.1 million shares left. They will be locked up for 90 days.

Barclays Bank, Citigroup, JPMorgan, and Merrill Lynch are all working together on the placing as joint global coordinators and joint bookrunners.

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