Business
S&P, IHS to offload units ahead of merger to meet antitrust conditions
Published by maria gbaf
Posted on December 28, 2021
2 min readLast updated: January 28, 2026
Global Banking and Finance Review
Company
Published by maria gbaf
Posted on December 28, 2021
2 min readLast updated: January 28, 2026
S&P Global and IHS Markit will sell key units to meet antitrust conditions for their $44 billion merger, including CUSIP Global Services and Base Chemicals.
(Reuters) -S&P Global and IHS Markit said on Monday they would sell a couple of businesses to satisfy antitrust requirements attached to the $44 billion merger of the financial information providers.
S&P Global will sell securities data solutions provider CUSIP Global Services (CGS) to financial data services firm FactSet for $1.93 billion in cash, while IHS will offload its Base Chemicals business to News Corp for $295 million.
The divestments come a month after the pair won U.S. antitrust approval for their planned merger, provided they sell certain businesses and scrap a non-compete agreement with a retail gasoline deals data provider.
While Base Chemicals provides price data and analysis on key industrial chemicals, CGS provides identifiers for financial instruments across exchanges around the world.
IHS and S&P Global said on Monday they expect their combined company to receive net sale proceeds of about $1.3 billion from these deals, which remain subject to further review and approval by antitrust regulators.
S&P Global also said it has pledged to sell its Leveraged Commentary and Data business, along with a related family of leveraged loan indices as a condition for regulatory approval.
(Reporting by Akash Sriram and Subrat Patnaik in Bengaluru; Editing by Ramakrishnan M.)
The main topic is the divestment of business units by S&P Global and IHS Markit to meet antitrust conditions for their merger.
S&P Global is selling CUSIP Global Services to FactSet, and IHS is selling its Base Chemicals business to News Corp.
These sales are necessary to satisfy antitrust conditions imposed by regulators for the approval of the merger.
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