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Blackstone steps foot into Thomson Reuters

31 January 18 - RE+D Magazine
Blackstone steps foot into Thomson Reuters

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Antulio Richetta

Director IBI Group
A group led by Blackstone Group LP agreed to buy a majority stake in Thomson Reuters Corp.’s financial and risk unit in a deal that values the business at $20 billion, sealing plans for the firm’s biggest buyout in a decade.

 

According to a statement cited by Bloomberg, Canada Pension Plan Investment Board and Singapore’s sovereign wealth fund, GIC Pte, will co-invest alongside Blackstone to acquire 55% of the business.

Thomson Reuters will retain a 45% equity stake.

The unit, which provides data, analytics and trading to Wall Street and financial professionals around the world, doesn’t include the news-gathering operation.

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