The London Stock Exchange Group’s office will be located in the City of London on December 29, 2017. (Toby Melville / Reuters)
London Stock Exchange Group plc said Monday that it acquired Quantile Group Limited to expand its range of post-transaction risk management solutions.
Quantile is a provider of portfolio, margin and capital optimization services.
LSEG has agreed to pay Quantile shareholders up to £ 274m ($ 362m).
LSEG owns Refinitiv, a financial data and analytics provider. It was cut out by a consortium led by Blackstone before being acquired by LSEG in January 2021 from Thomson Reuters, the parent company of Reuters News.
Thomson Reuters currently holds a minority stake in LSEG and Refinitiv is paying for news delivered by Thomson Reuters. ($ 1 = 0.7561 pounds)