S&P Global to Sell Stock Data Solutions Provider CUSIP Global Services (CGS) to Financial Data Services Company FactSet for $ 1.93 Billion in Cash, While IHS to Divest Basic Chemicals Business News Corp for $ 295 million.
The divestitures come a month after the two companies obtained US antitrust approval for their proposed merger, on condition that they sell certain businesses and abandon a non-compete agreement with a provider of transaction data. retail gasoline.
While Base Chemicals provides price data and analysis for major industrial chemicals, CGS provides identifiers for financial instruments in stock markets around the world.
IHS and S&P Global said on Monday they expected their combined company to receive approximately $ 1.3 billion in net sales proceeds from the transactions, which remain subject to further scrutiny and regulatory approval. antitrust.
S&P Global has also stated that it is committed to selling its Leveraged Commentary and Data business, as well as a related family of lending indices, as a condition of regulatory approval.