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LSE puts Russell Investments up for sale

Reuters - UK Focus

LONDON, Feb 5 (Reuters) - The London Stock Exchange Group said on Thursday it would sell Russell Investment, the asset management arm of the Frank Russell Co which it acquired for $2.7 billion last year.

LSE said in a statement on Thursday it was launching a sale process, after already having received a number of expressions of interest in the unit.

Reuters reported in January that LSE was planning to sell the investment management unit for about $1.4 billion. (Reporting by Sarah Young; editing by Kate Holton)