Thomson Reuters and Blackstone Finalize Partnership

Thomson Reuters Financial & Risk announced that following the closing of the strategic partnership transaction between Thomson Reuters and private equity funds managed by Blackstone, the Financial & Risk business will be known as Refinitiv. The closing of the transaction is expected to occur in the second half of 2018. The Financial & Risk business of Thomson Reuters serves over 40,000 institutions in over 150 countries. As a standalone company, it will continue to focus on providing data and insights, trading platforms, market data infrastructure and open technology platforms that support and connect a global financial markets community - driving progress in areas such as trading, investment, wealth management, regulatory and market data management, enterprise risk and tackling financial crime. Thomson Reuters Financial & Risk’s flagship platforms, Eikon and Elektron Data Platform, will continue to be central to Refinitiv’s open platform strategy. As part of the transaction, Thomson Reuters will sell a 55% interest in the Financial & Risk business and will retain a 45% interest in the business. Canada Pension Plan Investment Board and an affiliate of GIC will invest alongside Blackstone.