GIC among investors selling London Stock Exchange stake: Report

British pound notes. Photo by Christopher Bill on UnsplashBritish pound notes. Photo by Christopher Bill on Unsplash

A group of investors are selling around 5.8 million shares, or an around 1.1 percent stake, of London Stock Exchange Group shares valued at around GBP450 million, Bloomberg reported Friday, citing a term sheet. 

The group includes Blackstone, Canada Pension Plan Investment Board and Singapore sovereign wealth fund GIC, the report said. 

Bloomberg reported the sale was expected to price at GBP77 a share, with the book covered multiple times.