S&P Global and CME Group agreed to sell its joint project Osttra on the KKR investment funds in a deal worth $ 3.1 billion.
In a press release on Sunday, CME indicated that the post -trade solution provider, which was formed in 2021, grew into a decisive infrastructure player in the global derivative market (OTC).
The institution’s value will be divided equally between the S&P Global and CME GROUP, each with a 50 % stake in Osttra.
The sale is expected to be closed in the second half of 2025.
Its headquarters is located in London, Osttra offers post -trade, life cycle management, improvement solutions through interest rates, FX, credit, and stock asset lessons.
The base of its customers includes international banks, asset managers and mediator employees.
The Ustra leadership will continue by Co-COSOS Guy Rowcliffe and John Stewart, with KKR pledge to support technological innovation and global expansion.
Support KKR, We will accelerate our strategic initiatives to enhance post -trade solutions in the market, lead innovation, and expand our global silence“
The KKR Webster Chua partner has called the market position on Osttra and important services “a great basis for future growth.”
KKR also plans to present a large -scale stock ownership program to 1500 employees in Osttra.