On Air Now

Listen

Listen Live Now » 92.5 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
58° Feels Like: 58°
Wind: SSE 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 77°

Tonight

Thunderstorms Late 62°

Tomorrow

AM Thunderstorms 85°

Alerts

Warburg Pincus buys stake in European ETF provider: report

NEW YORK (Reuters) - U.S. private equity firm Warburg Pincus has bought a majority stake in a European exchange traded fund provider, in a deal that will give the asset manager new funds to expand offerings and grow through acquisitions, the Financial Times reported on Sunday.

Warburg Pincus purchased the stake in Source from a group of banks that included Bank of America Merrill Lynch and Goldman Sachs, according to the report that valued the investment at about $300 million.

(Reporting by Chris Prentice; Editing by Chris Reese)

Comments