Timeline: LSEG's two decades of major deals, partnerships and strategic pivots
TIMELINE-LSEG's two decades of major deals, partnerships and strategic pivots Adds Octus deal
Oct 22 (Reuters) - The London Stock Exchange Group LSEG.L on Thursday agreed to buy financial data firm Octus for about $3.54 billion, its biggest acquisition since the 2019 deal for Refinitiv as the group seeks to cement its stronghold in data and analytics.
Here is a timeline of key events at the British group, from its incorporation in 2007 to its various strategic moves:
Date | Event |
2007 | LSEG as a corporate entity was founded in 2007, when the London Stock Exchange, with a history dating back more than 300 years, merged with Borsa Italiana in a deal valued at 1.6 billion euros. |
2009 | LSEG acquires Millennium IT, a Sri Lanka-based technology solutions provider involved in the global capital markets industry, for $30 million. |
2009 | LSEG buys 60% stake in pan-European equities trading platform Turquoise, in partnership with leading global investment banks. |
2013 | LSEG completes the purchase of a majority stake in global multi-asset class clearing house LCH Clearnet. |
2014 | LSEG completes the deal for US-based financial services provider Frank Russell Company for $2.7 billion, whose assets include the Russell Indexes business. |
2016 | LSEG and Deutsche Börse AG agrees on the terms of a recommended all-share merger deal worth 29 billion euros in March to create UK TopCo. |
2017 | LSEG completes the acquisition of Mergent, a U.S.-based provider of business and financial information on public and private companies. |
2017 | LSEG completes the deal for fixed income analytics platform and index business The Yield Book and Citi Fixed Income Indices, from Citigroup for $685 million. |
2017 | TopCo merger attempt is blocked by EU Competition Regulator. |
2017 | Activist hedge fund, The Children's Investment Fund Management, fails to oust chairman Donald Brydon, after accusing the board of forcing CEO Xavier Rolet out. |
2018 | Hedge fund TCI cuts stake in LSEG. |
2018 | LSEG increases majority shareholding in LCH Group. |
2019 | LSEG acquires a 4.92% stake in Euroclear in deal valued 278.5 million euros. |
2019 | LSEG acquires ESG fixed income data provider Beyond Ratings (now LSEG Sovereign Sustainability Solutions). |
2019 | LSEG confirms plans to acquire data and analytics company Refinitiv for $27 billion. |
2020 | LSEG agrees to sell Milan's Borsa Italiana stock exchange to Euronext for 4.3 billion euros. The sale was dependent on the Refinitiv transaction going through. |
2021 | LSEG agrees to acquire Quantile Technologies, a provider of portfolio, margin and capital optimisation and compression services, for up to $362 million. |
2022 | LSEG announces plans to acquire trading technology provider TORA for $325 million. |
2022 | LSEG signs an agreement to acquire MayStreet, a market data solutions provider. |
2022 | Microsoft agrees to purchase nearly 4% equity stake in LSEG through the acquisition of shares from the Blackstone/Thomson Reuters Consortium. |
2022 | LSEG acquires multi-asset post-trade services provider Acadia for about $700 million, according to the data analytics group. |
2025 | LSEG announces partnership with OpenAI that allows users to access Financial Analytics content, real-time market data, research and news from within ChatGPT. |
February 2026 | Activist investor Elliott builds a stake in LSEG and engages with the company to drive performance, calling for more "value enhancing" actions. |
July 2026 | London Stock Exchange announces plans to launch round-the-clock trading in 2027 and says it had "constructive" dialogue with Elliott. |
October 2026 | LSEG agrees with private equity firm Permira to acquire financial data group Octus for about $3.5 billion. |
(Reporting by Johann M Cherian and Simone Lobo in Bengaluru; Editing by Arun Koyyur)
((johann.mcherian@thomsonreuters.com;))