Euromoney Agrees to £1.6 Billion Private Equity Takeover

Financial news and information business Euromoney Institutional Investor Plc has agreed to sell itself to a private equity consortium for about £1.6 billion ($1.9 billion)

Euromoney investors will receive £14.61 per share from Luxembourg-based private equity manager Astorg Asset Management Sarl and British firm Epiris LLP, the companies said in a statement on Monday. Euromoney had announced the talks last month.