Thomson Reuters’ trade and risk unit currently operates as a distinct unit within the Enterprise Solutions business.
New York-based Thomson Reuters said it will now begin the information and consultation process with respect to the planned divestment and will consult with all relevant Works Councils, unions and employee representatives.
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Upon completion of the employee information and consultation procedure, Thomson Reuters intends to enter into a sale and purchase agreement in respect of the proposed transaction which is expected to close by 31 January 2012.
The terms of the agreement were not disclosed.
Barclays Capital is acting as sole financial advisor to Thomson Reuters with respect to the proposed transaction.
