Staff
The London Stock Exchange Group (LSEG) has confirmed that it’s considering a possible transaction involving Russell Investments.
The company says it is “engaged in discussions” with Russell’s parent company, The Northwestern Mutual Life Insurance Company.
“Discussions remain ongoing, and there can be no certainty that any transaction will be forthcoming,” according to a statement.
If a transaction were to proceed, the LSEG says it would sell equity to help pay for the acquisition.
The LSEG will make further announcements in due course as appropriate.
Last month, Reuters reported that CIBC and two groups of private equity firms were also interested in acquiring Russell.
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