LSE Investors Sell Another £2 Billion Stake: The London Rush
09/07/2023 14:24
Investors including Blackstone Inc. and Thomson Reuters Corp. sold about £2 billion worth of stock in London Stock Exchange Group, bringing the total amount offloaded since March to more than £7 billion. LSE also bought back around £750 million in shares, part of Chief Executive Officer David Schwimmer’s pledge to support an “orderly sell down” for the consortium. That’s as the exchange struggles to retain premium listings and win over new ones.
Investors including Blackstone Inc. and Thomson Reuters Corp. sold about £2 billion worth of stock in London Stock Exchange Group, bringing the total amount offloaded since March to more than £7 billion. LSE also bought back around £750 million in shares, part of Chief Executive Officer David Schwimmer’s pledge to support an “orderly sell down” for the consortium. That’s as the exchange struggles to retain premium listings and win over new ones.
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LSE Investors Sell Another £2 Billion Stake: The London Rush