London Stock Exchange Group PLC Completion of Acquisition (6968Y)
December 03 2014 - 2:00AM
UK Regulatory
TIDMLSE
RNS Number : 6968Y
London Stock Exchange Group PLC
03 December 2014
3 December 2014
For Immediate Release
LONDON STOCK EXCHANGE GROUP PLC
COMPLETION OF ACQUISITION
London Stock Exchange Group plc ("LSEG" or the "Group") is
pleased to announce that following satisfactory completion of all
outstanding conditions, the Group has today completed the
acquisition of Frank Russell Company ("Russell").
As previously announced, the comprehensive review of Russell's
investment management business is making good progress and is on
track to be completed early in 2015.
Commenting on the completion of the acquisition of Russell,
Xavier Rolet, Chief Executive of LSEG said:
"Today marks a significant step for the Group. Russell
significantly enhances LSEG's presence in the US, the world's
largest global financial services market, further expanding our
global footprint and diversifying our customer and product base. We
are delighted today to welcome Russell to the Group, and we are
looking forward to working with new colleagues, new customers and
new partners around the world".
Enquiries
London Stock Exchange Group plc
+44 20 7797
1222
+44 20 7797
Victoria Brough (Media) 3322
Paul Froud (Investors)
+44 20 7251
Guy Lamming / David Henderson (Finsbury) 3801
This information is provided by RNS
The company news service from the London Stock Exchange
END
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