SGX Group Divests Scientific Beta to STOXX

MT Newswires

07/09

SGX Group (SGX:S68) divested its subsidiary, Scientific Beta, to STOXX as part of its active portfolio management and capital allocation, according to a Wednesday bourse filing.

Financial details of the transaction were not disclosed.

The transaction enables the company to redeploy resources towards areas essential for its securities, derivatives and data businesses.

The agreement positions Scientific Beta for its next phase of growth and enables its global reach.

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