Euromoney Agrees to £1.6 Billion Private Equity Takeover
- Bidders will separate Fastmarkets business into own unit
- Deal expected to close this year if shareholders approve
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Financial news and information business Euromoney Institutional Investor Plc has agreed to sell itself to a private equity consortium for about £1.6 billion ($1.9 billion)
Euromoney investors will receive £14.61 per share from Luxembourg-based private equity manager Astorg Asset Management Sarl and British firm Epiris LLP, the companies said in a statement on Monday. Euromoney had announced the talks last month.