Blackstone-led consortium completed the acquisition of a 55% stake in Thomson Reuters' Financial & Risk Business.

Blackstone-led consortium, which includes GIC and CPPIB, completed the acquisition of a 55% stake in Thomson Reuters' Financial & Risk Business for $17bn. The Financial & Risk business is now known as Refinitiv. “We are pleased to close this landmark partnership transaction with Thomson Reuters. Blackstone is excited to invest in Refinitiv to pursue a business plan focused on accelerating growth through innovation, in partnership with Refinitiv’s customers,” Martin Brand, Blackstone Senior Managing Director.