Reuters to sell Instinet for up to $2.5bn

Reuters, the news and information group, has appointed UBS to sell Instinet, its brokerage business, in the most dramatic overhaul yet of its portfolio of companies.

A source close to Reuters, which owns 63% of Instinet, said the Swiss bank had been appointed "recently" to sell the brokerage firm.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

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