A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. are looking to sell about £2.3 billion ($2.9 billion) worth of stock in London Stock Exchange Group Plc.
The group, which also includes Canada Pension Plan Investment Board and Singaporean sovereign wealth fund GIC, plan to offload 28.3 million shares, according to a regulatory filing.
The consortium is made up of the former owners of Refinitiv, a data services giant that LSE acquired for $27 billion in 2021. The group has spent much of the year offloading large chunks of the exchange. In March, they announced the sale of about £2 billion of the shares and in May, they kicked off a process to sell about £2.7 billion.
The consortium still holds 51.9 million voting shares in the exchange, with 11.3% of voting rights, according to the latest filing. After the latest sale, the remaining shares will be subject to a 180-day lockup, according to the filing.
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