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Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares at discount

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City

(Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stock Exchange Group worth about 2.7 billion pounds ($3.41 billion), a bookrunner said on Wednesday.

The placing of shares, which was upsized from 28 million, was at a price of 8,050 pence per share, a discount of about 5% to LSEG's last closing price.

Shares in LSEG fell as much as 5.1% at 8038 pence in early trading.

The stock sale follows an earlier sale of more than $2 billion shares in March by Blackstone and Thomson Reuters, which became LSEG shareholders when they sold financial data firm Refinitiv to the bourse operator in 2021.

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"The balance of approximately 5.1 million voting ordinary shares owned indirectly by Blackstone and Thomson Reuters not sold in the Placing or the Retail Offer are subject to a 90 day lock-up," said Barclays, one of the investment banks running the sale.

Thomson Reuters is the owner of Reuters News.

($1 = 0.7923 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sonia Cheema)