Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
LSEG
World exchanges

Major investors sold £2bn worth of LSEG shares

08.07.2023
2 min read

Blackstone and Thomson Reuters sell LSEG shares

A number of investors, including Blackstone and Thomson Reuters, sold shares in LSEG. The sale amounted to £2bn. The decision came after the London Stock Exchange announced its desire to buy back £750m worth of securities.
A total of 28 million shares were sold. The price was £71.5 per unit. Originally 23 million securities were expected to be placed, but increased demand from investors boosted the number of shares available. Roughly 5% of the London Stock Exchange’s securities were sold.
The sale of shares held by Thomson Reuters and Blackstone was made under lock-up conditions. The latter permitted the sale of just over 66 million securities until the end of January 2024. Once this transaction is closed, the sale of the remaining shares is blocked for 90 days.
The LSEG is regarded as one of Europe’s largest and oldest trading floors. The official founding date is 1801, although trading started here as early as 1571 when financier Thomas Gresham decided to build the Royal Exchange.
The London stock market comprises a main and an alternative sector. On the former, there are shares of companies that comply with all norms of UK regulatory bodies. The alternative market has no strict requirements and is considered a platform for young businesses. The majority of stocks in the IT sector are listed here.LSEG sharesThe London Exchange is extremely diverse regarding the geography of companies represented. It accounts for approximately 50 per cent of the total share of international securities trading. Companies from more than 60 countries are represented on the exchange. However, there are 22 stock exchanges in the UK.
For shares to be traded on LSEG, several requirements must be met:
– the company must provide full details of its activities, including financial, commercial and management accounts;
– companies with a capitalisation of £700,000 or more are eligible for listing;
– at least 25% of the shares must be held by shareholders outside the company’s management.
Microsoft acquired a 4% stake in the London Stock Exchange in 2022. The deal took place as part of a 10-year partnership agreement. The purchase amounted to about £1.5bn. The exchange will use Microsoft’s cloud-based products to upgrade its digital infrastructure according to the agreement. The partnership agreement requires LSEG to spend around £2.3bn on solutions from the US corporation over ten years. In addition, one of the top managers of Microsoft will join the exchange’s board of directors.

Tags: World exchanges
0
Previous Post Google's chatbot: how the new AI Bard works Next Post Apple plans to expand film production

You Might Also Like

The Nasdaq Stock Exchange
World exchanges
The Nasdaq Stock Exchange is creating its platform on a block list
10.01.2021
Bullish
World exchanges
Cryptocurrency exchange Bullish plans a listing through SPAC
15.04.2022
index growth-2
World exchanges
Oppenheimer analysts forecast growth of the S&P 500 index
10.03.2023
Kenvue Inc
World exchanges
Kenvue Inc has held its biggest IPO in the US since 2021
02.09.2023
algorithm for submitting orders
World exchanges
Moscow Exchange has changed the algorithm for submitting orders: details of the new system
08.08.2021
Binance USD exchange
World exchanges
Crypto exchange has introduced automatic conversion of a number of stablecoins in Binance USD
10.11.2022

Recent Posts

  • 1investment in Turkey's steel industry
    Yıldız increases investment in the Turkish steel industry
    20.09.2023
  • 2Abu Dhabi Exchange
    The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
    18.09.2023
  • 3mobile marketing
    How mobile marketing helps to retain existing customers and attract new ones
    16.09.2023
  • 4E-commerce company Rakuten
    Japan’s Rakuten intends to raise funds by issuing shares
    14.09.2023
  • 5coal mining
    Coal mining in India has increased by more than 22% in 5 years
    12.09.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

investment in Turkey's steel industry
Yıldız increases investment in the Turkish steel industry
20.09.2023
Abu Dhabi Exchange
The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
18.09.2023
mobile marketing
How mobile marketing helps to retain existing customers and attract new ones
16.09.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Deposit rates in Russia are losing their relevance as an option to generate income
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics