(Reuters) – London Stock Exchange Group plc said on Monday it had acquired Quantile Group Limited to expand its range of Post Trade risk management solutions.
Quantile is a provider of portfolio, margin and capital optimisation services.
LSEG has agreed to pay up to £274 million ($362 million) to Quantile’s shareholders.
LSEG owns finanical data and analytics provider Refinitiv, that was carved out from Thomson Reuters, parent of Reuters News, in 2018 by a consortium led by Blackstone before being bought by LSEG in January 2021.
Thomson Reuters now holds a minority stake in LSEG and Refinitiv pays Thomson Reuters for news it distributes.($1 = 0.7561 pounds)
(Reporting by Emma-Victoria Farr; editing by John O’Donnell)
