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London Stock Exchange Group PLC has agreed a $1 billion deal to sell its BETA+ wealth technology platform to a consortium of investors, Sky News reported on Monday.
Sky News said a deal could be announced by the stock exchange operator later on Monday.
The assets are being sold to New York-based Motive Partners and California-headquartered Clearlake Capital Group LP.
Sky News, citing a source, said the deal includes assets that were acquired as part of LSEG's purchase of Refinitiv.
The BETA+ business is considered non-core by LSEG, Sky News added.
https://news.sky.com/story/london-stock-exchange-group-strikes-1bn-deal-to-sell-wealth-assets-to-consortium-12571883
LSEG completed the $27 billion acquisition of financial market data and trading infrastructure provider Refinitiv in January 2021, ending a long process after first making its interest clear back in July 2019.
Shares in LSEG were 0.1% lower at 7,952.00 pence each in London on Monday morning.
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