LSEG Finalizes $478M Euroclear Stake Sale to TCorp
(Reuters) - The London Stock Exchange Group on Thursday said it had completed the divestment of its 4.92% stake in Belgium-based financial services provider Euroclear for 455 million euros($478.89 million).
It sold the stake to TCorp, the financial services partner to the New South Wales government, LSEG said in a statement.
LSEG had bought the stake for about 241.9 million pounds ($308.93 million) in 2019.
Thomson Reuters, the parent company of Reuters, holds a minority stake in LSEG, which is Reuters’ largest news service client.
($1 = 0.9501 euros)
($1 = 0.7830 pounds)
(Reporting by Chandini Monnappa in Bengaluru; Editing by Janane Venkatraman)
