FTSE, TMX venture buys MTS' European govt bonds indices business

(Reuters) – FTSE TMX Global Debt Capital Markets, a joint venture between FTSE Group and TMX Group’s (TOR:X) information services division, said on Tuesday it had bought the indices business of MTS, which is majority owned by London Stock Exchange Group (LSE:LSE).

MTS’s indices business track the performance of the largest and most widely traded government issued securities in European bonds.

Under the agreement, MTS will initially hold a 3 percent stake in FTSE TMX Global Debt Capital Markets. FTSE will retain a 72.7 percent stake in the venture and TMX will have a 24.2 percent stake.

(Reporting by Ashutosh Pandey in Bangalore; Editing by Savio D’Souza)