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Deutsche Börse AG and Hale Global have entered into an agreement regarding the sale of Market News International, Inc. (MNI), a leading provider of macroeconomic and markets intelligence for global fixed income and foreign exchange market professionals. Details of the deal are subject to a confidentiality agreement.
By divesting its news business, Deutsche Börse further strengthens its focus on growth areas defined in the group-wide “Accelerate” growth strategy, which constitutes organisational and portfolio changes to support the achievement of the Group’s new strategic and financial targets. In 2015, MNI has contributed less than 1 percent to the Group’s net revenues.
The completion of the transaction is expected within the third quarter of 2016. DeSilva and Phillips is advising Deutsche Börse on the transaction. Nixon Peabody is serving as Deutsche Börse’s legal counsel.
Market News International (MNI) is a leading real-time financial news agency dedicated to providing global capital markets with relevant economic, policy and trading information. Founded in 1983, MNI has press credentials recognized by the White House, both US Houses of Congress, the Fed, the Bank of Japan, the ECB, as well as by the governments and central banks of all G-7 nations. MNI has bureaus across Europe, Asia and the United States.
About Hale Global
Hale Global is an investment holding company with a 15-year track record as a buyer and partner of choice for growth-technology special situations, including divestitures from corporate parents. The firm brings extensive in-house software and mobile development teams, a deep operational bench focused on product innovation, and a track record of fostering excellence in journalism.