Thomson Reuters Completes Sale of its Financial & Risk Unit to Blackstone

[kreslik.news]

Thomson Reuters Corp announced this Monday that it had completed the sale of a majority stake in its Financial and Risk (F&R) unit to a consortium led by Blackstone Group, a private equity firm, in partnership with Canada Pension Plan Investment Board  (CPPIB).

With the completion of the sale, the Blackstone consortium now owns a 55 per cent stake in the business with Thomson Reuters retaining 45 per cent. The overall valuation is $20billion. As of yesterday, the F&R unit of Thomson Reuters is now known as Refinitiv.

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Refinitiv is ... (read more)