© Reuters. FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Hall/File Photo
(Reuters) – London Stock Exchange Group (LON:) 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 (NYSE:), parent of Reuters News, in 2018 by a consortium led by Blackstone (NYSE:) 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)
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