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On Monday, London Stock Exchange Group (LON: LSEG) plc announced the acquisition of Quantile Group Limited in order to broaden its portfolio of Post Trade risk management solutions.
Quantile is a company that provides portfolio, margin, and capital optimization services. LSEG has agreed to pay Quantile’s shareholders up to £374 million ($362 million).
LSEG owns Refinitiv, a financial data and analytics provider that was spun off from Thomson Reuters (NYSE: TRI), the parent company of Reuters News, in 2018 by a consortium led by Blackstone (NYSE: BX), before being purchased by LSEG in January 2021.
Story by : Norvisi Mawunyegah