S&P Global Completes Sale of PrimeOne

Rhea-AI Summary

S&P Global (NYSE: SPGI) has completed the sale of its PrimeOne business to TS Imagine, a provider of trading, portfolio, and risk management solutions. The transaction is not materially significant to S&P Global, and financial terms were not disclosed. The deal includes local closings in certain jurisdictions expected over the coming months. PrimeOne had been acquired through S&P Global's merger with IHS Markit in 2022.

NEW YORK, Nov. 1, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced that it has completed the sale of its PrimeOne business to TS Imagine, a global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions. The transaction does not have material impact to S&P Global and the financial terms of the transaction were not disclosed.

The transaction will include local closings in certain jurisdictions, which are expected to occur over the following few months. PrimeOne became part of S&P Global following the company's merger with IHS Markit in 2022.

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 sustainability 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.

Investor Relations:
Mark Grant
Tel: +1 347 640 1521
Mark.Grant@spglobal.com

Media Contacts:
Christina Twomey
S&P Global
+1 410 382-3316
christina.twomey@spglobal.com

Farhan Husain
S&P Global Market Intelligence
+1 347 213 0065
farhan.husain@spglobal.com

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SOURCE S&P Global

FAQ

When did S&P Global complete the sale of PrimeOne?

S&P Global completed the sale of PrimeOne to TS Imagine on November 1, 2024.

Who acquired S&P Global's PrimeOne business?

TS Imagine, a global provider of trading, portfolio, and risk management solutions for financial institutions, acquired PrimeOne from S&P Global.

How did S&P Global originally acquire PrimeOne?

PrimeOne became part of S&P Global through its merger with IHS Markit in 2022.

Is the PrimeOne sale material to S&P Global's business (SPGI)?

No, according to the announcement, the transaction does not have a material impact on S&P Global.