Thomson Reuters completes the sale of F&R majority stake in American Blackstone


Thomson Reuters announced the completion of a deal with the American Blackstone Group for the sale of a majority stake of the Financial&Risk unit, writes. The cost of the unit providing data and news mainly to clients in the financial sector was estimated at $20 billion. At the end of the deal, a 45 percent stake in F R, called Refinitiv, remained with Tomson Reuters. David Craig, who previously headed the F&R unit, became the CEO of Refinitiv. Thomson Reuters intends to return to shareholders 10 billion dollars out of the gross revenue of $17 billion received from the completion of the deal. The remaining amount will be partly directed to repay the debt in the amount of $4 billion, to cover the costs associated with the deal, as well as go to the acquisition.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong