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BRIEF-Citi sells its fixed income analytics and index businesses to London Stock Exchange
May 30, 2017 / 6:15 AM / in 2 months

BRIEF-Citi sells its fixed income analytics and index businesses to London Stock Exchange

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May 30 (Reuters) - Citigroup Inc

* Citi announces sale of its fixed income analytics and index businesses to London Stock Exchange group

* ‍transaction represents strategic business decision by Citi following an in-depth review process​

* Citi announces sale of its fixed income analytics and index businesses to London Stock Exchange Group

* Sale for a total cash consideration of $685 million, subject to customary adjustments

* Transaction includes Citi's fixed income analytics platform, yield book, and Citi fixed income indices which include world government bond index

* Subject to regulatory clearance and other customary closing conditions, transaction is anticipated to close in second-half of 2017

* Citi made decision to divest businesses following a strategic review process

* Citi believes that LSEG is a partner that will optimize outcome for fixed income analytics and index businesses

* Citi's institutional clients group advised Citi on transaction

* Skadden, ARPS, Slate, Meagher & Flom LLP served as legal advisor to Citi Source text for Eikon: Further company coverage:

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