Thomson Reuters OKs US27B sale of Refinitiv to London Stock Exchange Group

Companies in this story: (TSX:TRI)The Canadian Press TORONTO — Thomson Reuters Corp. and its partners represented by the Blackstone fund group have agreed to sell the Refinitiv financial information business to the London Stock Exchange Group for shares worth US$27 billion.Thomson Reuters will end up with a 15 per cent interest in the London Stock Exchange Group, subject to approvals.The announcement is in line with news reports that prompted the Toronto-based company to confirm last weekend that discussions about the sale of Refinitiv were at an advanced stage.Refinitiv was formerly the largest division of Thomson Reuters, until the information services company sold a 55 per cent stake in it in October to a group led by the Blackstone Group.Thomson Reuters says the Refinitiv deal will give it a share of future dividends generated by the London Stock Exchange Group, which it says is positioned for growth in a consolidating financial services industry.Thomson Reuters also announced that its second-quarter revenue was up nine per cent from the same time last year, mainly due to fees paid by Refinitiv since it was spun off. read more

UN welcomes Polands decision to admit refugees from Chechnya Russian Federation

Just days after voicing concern over reports that Poland was closed to asylum-seekers from Chechnya, the United Nations High Commissioner for Refugees (UNHCR) today commended Warsaw for admitting those fleeing the war-ravaged Russian republic. “UNHCR welcomes Poland’s decision last weekend to allow a group of 150 Russian Federation nationals from Chechnya to enter the country and seek asylum there,” agency spokesman Kris Janowski told reporters in Geneva. “They are the first Chechens to be allowed to seek asylum in Poland in weeks.” The Polish authorities had decided to bar Chechens from entering the country following the 23 October terrorist attack on a Moscow theatre by Chechen separatists. The decision sparked protests by human rights groups and UNHCR, which urged Poland not to close its doors to Chechen asylum-seekers. “UNHCR hopes that the admission of 150 Chechens to Poland last weekend represents a permanent return of Poland’s policy of open doors to Chechen asylum seekers,” Mr. Janowski said. This year alone, over 1,600 Russian Federation nationals – virtually all of them Chechens – sought asylum in Poland, according to the agency. The spokesman voiced UNHCR’s continued concern about the situation in neighbouring Lithuania, which earlier this month barred 26 Chechens – mostly women and children – from entering and applying for asylum. “UNHCR hopes that Lithuania will follow Poland’s example and reopen its doors to Chechens,” he said. read more