London Stock Exchange acquires Quantile By Reuters

© Reuters. File photo: Pedestrians left and entered the London Stock Exchange in London, England, on August 15, 2017. REUTERS/Neil Hall/File Photo

(Reuters)- London Stock Exchange Group (LON:) plc said on Monday that it has acquired Quantile Group Limited to expand the scope of its post-trade risk management solutions.

Quantile is a provider of investment portfolio, margin and capital optimization services.

LSEG has agreed to pay up to £274 million (US$362 million) to Quantile’s shareholders.

LSEG owns Refinitiv, a financial data and analysis provider, from Thomson Reuters (NYSE:), the parent company of Reuters News, was acquired by a consortium led by the Blackstone Group (NYSE:) in 2018 and then acquired by LSEG in January 2021.

Thomson Reuters now holds a minority stake in LSEG, and Refinitiv pays Thomson Reuters for its news release. (1 USD = 0.7561 GBP)

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