S&P Global Completes Sale of CUSIP

Rhea-AI Summary

S&P Global (NYSE: SPGI) announced the completion of its sale of CUSIP Global Services to FactSet on March 1, 2022. The transaction is part of S&P Global's strategy to focus on its core offerings, providing essential data and analytics to clients across various industries. This sale may signify a shift in the company's operational focus and financial strategy.

Positive

• The completion of the sale could enhance S&P Global's focus on core business areas.
• Potentially improved financial metrics through strategic asset divestiture.

Negative

• Loss of a revenue stream from the CUSIP Global Services segment.

NEW YORK, March 1, 2022 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced that the Company has completed the sale of CUSIP Global Services to FactSet.  

About S&P Global

S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.

We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. For more information, visit www.spglobal.com.

Contacts:

Investor Relations:

S&P Global
Mark Grant
Tel: + 1 347 640 1521
mark.grant@spglobal.com

Media:

Ola Fadahunsi
Tel: +1 332 210 9935
ola.fadahunsi@spglobal.com

Christopher Krantz
Tel: +44 (0) 20 7176 0060
christopher.krantz@spglobal.com

View original content:https://www.prnewswire.com/news-releases/sp-global-completes-sale-of-cusip-301493353.html

SOURCE S&P Global

FAQ

What recent sale did S&P Global announce?

S&P Global announced the completion of the sale of CUSIP Global Services to FactSet.

What date was the sale of CUSIP Global Services completed?

The sale was completed on March 1, 2022.

How does the sale impact S&P Global's business strategy?

The sale may allow S&P Global to concentrate on its core offerings and improve financial metrics.

What is the stock symbol for S&P Global?

The stock symbol for S&P Global is SPGI.