The major shareholders of London Stock Exchange Group PLC, including US private equity firm Blackstone Inc and Canadian media outfit Thomas Reuters Corp, sold £1.9 billion in LSEG shares, with the UK company buying back £500 million of these, the companies said early Wednesday.

The consortium of shareholders, also including the Canada Pension Plan Investment Board, sold 21.5 million shares in LSEG late Tuesday. A total of 15.9 million voting shares were placed with institutional investors by Citigroup Global Markets Ltd and other investment banks at a price of 8,980 pence each, worth £1.4 billion in total.

LSEG also bought back 5.6 million voting and limited-voting shares at 8,917p each, worth £500 million. It said this was part of the £1 billion share buyback that it announced for 2024 with its results on Thursday last week.

LSEG shares were up 2.9% at 9,300.00p early Wednesday in London.

The consortium held a 9.9% economic interest and a 6.8% voting interest in LSEG prior to Tuesday’s sale. This was via 33.3 voting shares and 20.6 million limited-voting shares.

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