Thomson Reuters, Blackstone Agree $20B Financial & Risk Unit Spin-Off

Thomson Reuters has agreed to sell its Financial & Risk unit to a new company minority-owned by the vendor and majority owned by a consortium led by Blackstone Group.

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Under the terms of the deal—which was approved by Thomson Reuters’ board earlier today, Tuesday January 30, and is expected to close in the second half of this year—the parties will create a new corporation comprising the Financial & Risk unit. Thomson Reuters will hold a 45 percent stake in this new business, with the remaining 55 percent owned by a consortium of Blackstone, the Canada Pension Plan Investment Board, and Singapore-based investment firm GIC, which manages the Singapore Government

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