February 5, 2015 / 5:33 PM / 3 years ago

LSE puts Russell Investments up for sale

LONDON (Reuters) - The London Stock Exchange Group (LSE.L) said on Thursday it would sell Russell Investment, the asset management arm of the Frank Russell Co which it acquired for $2.7 billion last year.

LSE said in a statement on Thursday it was launching a sale process, after already having received a number of expressions of interest in the unit.

Reuters reported in January that LSE was planning to sell the investment management unit for about $1.4 billion.

Reporting by Sarah Young; editing by Kate Holton

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