By Michael Susin

Barclays Bank said on Tuesday that the Blackstone/Thomson Reuters consortium is seeking to sell around 28.0 million shares in the London Stock Exchange Group through a placing to institutional investors.

The bank said that the proposed placing shares represent around 5.1% of the stock-exchange and financial-information company and 5.5% of the voting interest.

The price and the final number of shares to be placed will be determined via an accelerated bookbuilding process, which will start immediately.

Barclays added that LSEG is not party to the proposed placing and won't receive any proceeds.

Dow Jones competes with Thomson Reuters in financial news and information services.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

May 16, 2023 12:34 ET (16:34 GMT)

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