London Stock Exchange Acquires Quantile

The London Stock Exchange Group offices are seen in the City of London, on Dec. 29, 2017. (Toby Melville/Reuters)

London Stock Exchange Group plc said on Monday it had acquired Quantile Group Limited to expand its range of Post Trade risk management solutions.

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

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

LSEG owns finanical data and analytics provider Refinitiv, that was carved out from Thomson Reuters, parent of Reuters News, in 2018 by a consortium led by Blackstone before being bought by LSEG in January 2021.

Thomson Reuters now holds a minority stake in LSEG and Refinitiv pays Thomson Reuters for news it distributes. ($1 = 0.7561 pounds)