A consortium of investors including Blackstone (NYSE: BX) offloaded shares worth about £1.6 billion ($2 billion) in London Stock Exchange Group, exiting a stake the group inherited when the bourse bought data services firm Refinitiv in 2021.

York Holdings, whose backers include Blackstone and affiliates of the Canada Pension Plan Investment Board, GIC Special Investments Pte. and Thomson Reuters (NYSE: TRI), sold roughly 17.3 million voting ordinary shares in LSEG via a placing to institutional investors, according to Bloomberg News.

The selling consortium is made up of the former owners of Refinitiv, the firm that LSEG acquired for $27 billion three years ago. Barclays (NYSE: BCS), Bank of America (NYSE: BAC), Citigroup (NYSE: C), Goldman Sachs (NYSE: GS), JPMorgan (NYSE: JPM) and Morgan Stanley (NYSE: MS) arranged the sale.