Deal Snapshot
HEARST BUYS REMAINING 20% OF FITCH GROUP
Monday 16 April 2018

US-based media company Hearst has purchased from Fimalac S.A. an additional 20% interest in global financial information services company Fitch Group, bringing Hearst's equity interest to 100%, the company said.
The transaction is valued at USD 2.8bn. Hearst acquired its original interest in Fitch Group in 2006, and increased its holdings to 80% in 2015. Fitch Group, comprised of Fitch Ratings, Fitch Solutions and Fitch Learning, provides insights and analysis which are critical to the global financial community.


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Details
Date Published: 16/04/2018
Target: Fitch Group
Country: USA
Deal Size: 2.8bn (USD)
Sector: Media
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor: Fimalac S.A.
Buyer: Hearst
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