July 29, 2019 / 7:20 AM / 4 months ago

LSE shares jump after proposed $27 bln Refinitiv deal

* Interactive graphic tmsnrt.rs/2yixEbN

July 29 (Reuters) - Shares in London Stock Exchange Group Plc rose more than 10% on Monday after the British company said late Friday it was in discussions to buy Refinitiv Holdings Ltd in deal worth $27 billion including debt.

The deal would come less than a year after buyout firm Blackstone Group Inc bought a majority stake in Refinitiv from Thomson Reuters Corp, valuing the company at the time at $20 billion including debt.

The deal would transform LSE into a global player in financial data and expand its footprint in foreign exchange and fixed income.

Thomson Reuters, the parent company of Reuters, holds a 45% stake in Refinitiv. (Reporting by Noor Zainab Hussain in Bengaluru Editing by Rachel Armstrong)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below