Published on: June 12, 2019

Going green…

StatPro has this morning announced the acquisition of a business active in the provision of ESG (Environmental, Social and Governance) ratings and indices. The deal offers a good fit with the group’s existing client base and product range, and is expected to be modestly earnings-enhancing in the first full year of ownership. We note a similar recent purchase by the London Stock Exchange. We upgrade our 2020E earnings estimates slightly to reflect the deal.

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