Taking the helm at a time when the UK economy was already grappling with the specter of recession, the Truss government's new fiscal policies fueled concerns that inflation and borrowing would surge
Petershill will place minority stakes in 19 private equity, other alternative managers into a structure that will then list in an initial public offering, according to a document filed with LSE.
At present, the world's biggest stock exchange in terms of market cap is the Hong Kong Exchanges and Clearing, valued at$75.6 billion, followed by American bourse CME Group, valued at $74 billion
A combined LSE and Refinitiv will still be eclipsed by Bloomberg LP, but will outrank a combination of S&P and IHS Markit, whose $44 billion tie-up was announced last year.
UK's trade deal with EU removes a 4-1/2-year old fear of crashing out of the bloc without trading arrangements, but it will take UK financial markets years to lose their Brexit-inflicted scars
The move shows how a recent bid by the White House to give teeth to a blacklist of Chinese companies allegedly backed by China's military could crimp US investments in the country
LSE, which is selling Borsa Italiana to get approval from the European Union for its $27 billion Refinitiv deal, announced the transaction in a statement Friday