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London Stock Exchange Group’s plan to sell Russell Investments to China’s CITIC Securities may collapse, reports Bloomberg News.
The news agency says a drop in the Chinese stock market and investigations into some of CITIC Securities’s executives “have derailed the discussions.”
Read: Russell Investments for sale
As a result, London Stock Exchange Group is reportedly speaking with other bidders.
The company announced in February that it was looking for a buyer for Russell Investments.
Visit Bloomberg News’ website for more.
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