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Reuters Sells 2nd Research Asset; Yankee Group Still to Go

At 01 Apr 2004 12:34:32 in MDI-News in Brief, MDI-Research Services, Market Data Insight    Print Article  Email Article   Full content requires subscription 

Reuters has sold the second of its three independent research groups, as part of its ongoing business refocusing. The company sold ORT SAS, a credit evaluation company, for €71 million, to Coface, a credit insurance company owned by Natexis Banques Populaires. ORT posted profit of €6.7 million for 2003 and had assets of €16 million at year end. It sold TowerGroup to MasterCard earlier in the year. Its third research asset – the Yankee Group – remains on the block.

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