Over €14 billion

Thomson Reuters in talks with Blackstone to sell unit stake

Thomson Reuters in advanced talks with Blackstone to sell a stake in financial and risk business, accounting for more than half of annual revenue in 2016

bloomberg

30.01.2018

The unit provides a range of offerings to financial markets professionals, with €4.9 billion in annual sales, according to a statement from the Toronto, Canada-based company. Reuters reported Tuesday that the private equity firm is in talks to buy about 55% of the business for more than €14 billion. An Asia-based spokeswoman for Blackstone declined to comment.

"As part of any proposed partnership, Thomson Reuters would retain a significant interest in the F&R business and would retain full ownership of its legal, tax & accounting and Reuters News businesses," according to the statement.