BUZZ-LSE: said to put $1.4 bln price tag on Russell Investments

Wed Jan 28, 2015 2:01pm EST
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** London Stock Exchange said to put Russell Investments for sale in mid-February, looking to fetch $1.4 bln, sources tell Reuters

** Russell Investments is the asset management arm of Frank Russell Co, which LSE bought last year from insurer Northwestern Mutual for $2.7 bln

** Motivation for purchase largely to expand into indexes business

** Co to run formal sales process for unit, has had informal conversations with at least 3 interested parties including CIBC

** LSE is second-best performing exchange operator globally over past year, up more than 40 pct. HKEx maintains No. 1 position, up 46 pct Chart: