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Citi sells Yield Book for $685 million in cash

May 30, 2017 - New York Business Journal

The London Stock Exchange (LSE: LSE) has agreed to purchase Citigroup's fixed-income analytics services business for $685 million in cash.

The transaction allows Citi to exit a non-core business and focus on improving returns.

Citi (NYSE: C) announced the sale today after what had reportedly been a year-long sale process.

The divestiture underscores Citi's strategy of focusing on core businesses and monetizing non-core assets, according to a prepared statement.

According ...