Citigroup to divest fixed income analytics, index businesses to LSE for $665m
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. ■