London Stock Exchange to buy Peason's FTSE stake

London Stock Exchange Group agreed to buy the 50 per cent of FTSE International it doesn’t already own from Pearson for £450 million (€527 million) in cash as it seeks to expand in derivatives.

12th December, 2011
London Stock Exchange to buy Peason's FTSE stake
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London Stock Exchange Group agreed to buy the 50 per cent of FTSE International it doesn’t already own from Pearson for £450 million (€527 million) in cash as it seeks to expand in derivatives.

The acquisition of FTSE International, which produces Britain’s benchmark FTSE 100 Index and more than 200,000 other gauges, is expected to be completed in the first quarter of 2012, the two companies said in separate statements today.

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