LSE shares leap after proposal for Refinitiv deal of 27 billion dollars

(Reuters) – Shares in the London Stock Exchange Group Plc <LSE.L> rose more than 10% on Monday after the British company announced last Friday that it was discussing the purchase of Refinitiv Holdings Ltd as part of a deal by a US-based company. worth $ 27 billion (£ 21.8 billion), including debt.

The transaction would take place less than a year after the acquisition of Blackstone Group Inc. bought a majority stake in Refinitiv from Thomson Reuters Corp <SORTING.TO>, valuing the company at the time at $ 20 billion, including debt.

The agreement would transform LSE to become a global player in financial data and expand its footprint in the foreign exchange and fixed income markets.

Thomson Reuters, the parent company of Reuters, holds a 45% stake in Refinitiv.

(Report by Noor Zainab Hussain in Bengaluru, edited by Rachel Armstrong)