Speculation regarding Frank Russell Company

RNS Number : 9390G

London Stock Exchange Group PLC

13 May 2014

 



For Immediate Release

13 May 2014

Speculation regarding Frank Russell Company ("Russell")

London Stock Exchange Group plc (the "Company" or "LSEG") notes the recent press speculation linking the Company, and other parties, to a potential acquisition of Russell and wishes to clarify its position.

LSEG confirms that it is evaluating the merits of a potential transaction involving Russell and is engaged in discussions with The Northwestern Mutual Life Insurance Company, the parent company of Russell. 

Discussions remain on-going and there can be no certainty that any transaction will be forthcoming. If a transaction were to proceed, LSEG would intend to part-fund it through an equity raise.

A further announcement will be made in due course as appropriate.

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Further information is available from:

London Stock Exchange Group plc

Gavin Sullivan                          Media                           [phone]

[e-mail]  

Paul Froud                               Investors                      [phone]

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant and growing part of the Group's business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group's own markets, over 30 other organisations and exchanges around the world use the Group's MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at: www.lseg.com

 

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