Citi Announces Sale of its Fixed Income Analytics and Index Businesses to London Stock Exchange Grou

Citi press release -------- Citi 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. The transaction includes Citi’s fixed income analytics platform, The Yield Book, and Citi Fixed Income Indices which include the World Government Bond Index (WGBI). 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. To learn more click on the picture below to read the release.