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London Stock Exchange acquires Quantile

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By Reuters
London Stock Exchange acquires Quantile
London Stock Exchange acquires Quantile   -   Copyright  Thomson Reuters 2021

– 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)