Deutsche Börse To Sell News Business MNI
Deutsche Börse has agreed to sell off its information subsidiary Market News International (MNI) to Hale Global.
Deutsche Börse says the divestment of its news business will allow the group to focus more on high growth areas. In 2015, MNI contributed less than 1 percent to the Group's net revenues, officials say.
In January, MNI lost its president and chief executive Michael Connor to corporate bond analysis provider Gimme Credit after 24 years at the helm (IMD, Jan.5).
The deal is expected to be completed within the third quarter of 2016.
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