London Stock Exchange Group plc has agreed the sale of Servizio Titoli SpA, a provider of shareholder management services to listed companies in Italy, to Computershare Limited for total cash consideration of €30.0 million plus an amount of up to €2.4 million for the net cash balance as at completion. Revenue for Servizio Titoli for the financial year ended 31 March 2010 was €9.3 million.
The disposal is expected to complete in mid May.
