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Reuters Sells Data Provider ORT
Reuters last week sold ORT, a Paris-based provider of credit, financial, commercial and legal data, for an initial payment of E46.6 million to credit export insurance firm Coface, a subsidiary of Natexis Banques Populaires. Reuters, which has also received a further E25 million from pre-sale cash distribution as part of the deal, says the move is part of the Fast Forward strategy to focus on its core businesses and divest other holdings. Reuters will use the money
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