8th Mar 2023 11:13
(Alliance News) - Major shareholders of London Stock Exchange Group PLC sold shares worth GBP2.0 billion late Tuesday, Morgan Stanley confirmed on Wednesday.
York Holdings II Ltd sold 28.0 million LSEG shares at 7,150 pence per share in a placing to institutional investors and offer to retail investors run by Morgan Stanley, together with joint global coordinators Barclays, Citigroup and Goldman Sachs.
LSEG shares were trading up 1.3% at 7,542.00p on Wednesday morning in London.
The shares represent a 5.1% stake in LSEG. The disposal was increased from the plan to sell 23.0 million that was announced after the London market close on Tuesday. York's remaining 38.1 million shares, a 7.8% stake, are subject to a 90-day lock-up, Morgan Stanley said.
York is owned indirectly by Blackstone Inc, the Canada Pension Plan Investment Board, and Thomson Reuters, among others.
By Tom Waite, Alliance News editor
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