London Stock Exchange Group plc (LSEG) has announced it has signed a definitive agreement to acquire from Pearson plc the 50 per cent stake in FTSE International Limited (FTSE) that LSEG does not already own, for a total cash consideration of £450 million.

FTSE significantly diversifies LSEG's business into indices, data and analytics and, in particular, creates new growth opportunities for LSEG's listed derivatives trading business, a key strategic priority for the Group. It will increase access to buy-side firms and services and will offer an enhanced global footprint, including key emerging and growth markets. The transaction delivers on LSEG's strategic objectives to build on its existing assets and seek opportunities.
FTSE is a leading international index company with an attractive, established global franchise. It is the market leader in the UK and Italy and a leader in China ETFs, calculating over 200,000 individual indices covering 80 countries, including the FTSE All-World, FTSE China A50, FTSE 100 and FTSE All-Share. The company also has a fast-growing presence in the USA, providing a platform for further expansion.

Since it was established in 1995, as a joint venture between LSEG and Financial Times Group Limited, FTSE has grown rapidly and now offers a broad and international suite of products and services. The company benefits from a diversified revenue mix, with approximately 60 per cent of total revenues generated from recurring data subscriptions and the remainder derived from licence fees from asset managers. FTSE is recognised for its customer-driven innovation, such as its large and fast-growing range of alternatively weighted indices.