StatPro has this morning announced the acquisition of a business active in the provision of ESG (Environmental, Social and Governance) ratings and indices. The deal offers a good fit with the group’s existing client base and product range, and is expected to be modestly earnings-enhancing in the first full year of ownership. We note a similar recent purchase by the London Stock Exchange. We upgrade our 2020E earnings estimates slightly to reflect the deal.
12 Jun 2019
Going green…
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Going green…
Statpro Group (SOG:LON) | 0 0 (-0.8%) | Mkt Cap: 159.5m
- Published:
12 Jun 2019 -
Author:
Gareth Evans -
Pages:
3
StatPro has this morning announced the acquisition of a business active in the provision of ESG (Environmental, Social and Governance) ratings and indices. The deal offers a good fit with the group’s existing client base and product range, and is expected to be modestly earnings-enhancing in the first full year of ownership. We note a similar recent purchase by the London Stock Exchange. We upgrade our 2020E earnings estimates slightly to reflect the deal.