Citigroup to divest fixed income analytics, index businesses to LSE for $665mStaff Writer | May 30, 2017
Citigroup has entered into an agreement to sell its Fixed Income Analytics and Index Businesses to London Stock Exchange Group (LSEG) for a total cash consideration of $685 million, subject to customary adjustments.
Acquisition Subject to regulatory clearance
Subject to regulatory clearance and other customary closing conditions, the transaction is anticipated to close in the second-half of 2017.
Citi made the decision to divest the businesses following a strategic review process.
Citi believes that LSEG is a partner that will optimize the outcome for the Fixed Income Analytics and Index Businesses for key stakeholders, including employees, clients and shareholders.
This transaction will give Citi clients a partner who is fully committed to investing in and growing its fixed income analytics and indices businesses. ■