Edition:
United Kingdom

Euromoney Institutional Investor enters agreement to sell minority stake in Dealogic


Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - EUROMONEY INSTITUTIONAL INVESTOR PLC ::EUROMONEY ENTERS AGREEMENT TO SELL ITS MINORITY STAKE IN DEALOGIC​.TO ‍SELL ITS MINORITY EQUITY STAKE IN DEALOGIC TO FINANCIAL FIRMS, TO ION INVESTMENT GROUP FOR APPROXIMATELY $135M​.‍CONSIDERATION WILL BE RECEIVED IN CASH, COMPLETION OF SALE EXPECTED TO TAKE APPROXIMATELY SIX WEEKS​.‍SALE PROCEEDS WILL INITIALLY BE USED TO PAY DOWN DEBT AND OVER TIME WILL PROVIDE EUROMONEY WITH CAPITAL TO INVEST.