LONDON (Reuters) - The London Stock Exchange Group (L:LSE) said on Thursday it would sell Russell Investment, the asset management arm of the Frank Russell Co which it acquired for $2.7 billion (2 billion pounds) 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.