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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Consortium raises £1.4bn in placing of 21.5m LSEG shares

(Sharecast News) - A consortium of investors in London Stock Exchange Group has sold 21.5m shares in a placing, raising around £1.4bn. The consortium includes vehicles managed by Blackstone and Thomson Reuters and an affiliate of Canada Pension Plan Investment.

In a separate statement, LSEG said it has agreed to buy back £500m of voting and limited-voting ordinary shares from the consortium in an off-market transaction at 8,917p per share.

LSEG said that as previously indicated, it expects to execute up to £1bn of share buybacks this year.

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