Global law firm Ashurst has advised IHS Markit Ltd on the sale of IHS Markit’s Oil Price Information Service and related assets to News Corp for US$1.15 billion.
The businesses being sold also include Coal, Metals and Mining and PetroChem Wire.
S&P Global in late 2020 agreed to buy IHS Markit for about US$44 billion, a landmark deal that would combine two of the largest providers of data to Wall Street. Since the OPIS sale has completed, the S&P global merger of the businesses has now also completed.
The Ashurst team was led by corporate tech partner Jonathan Cohen, with support from associates Lucy Deakin and Kiara De Silva. They were supported by partners Nigel Parr, Ruth Buchanan, Anne Reffay, Paul Miller, Alison Hardy, Rob Aird, Simon Brown, Muriel Pariente, Christopher Bates, Stuart Dullard and Michael Sheng.
“We are delighted to have worked together with IHS Markit and their team and advisers to complete the sale of OPIS, and support IHS Markit on the next stage of its growth through its merger with S&P Global,” Jonathan Cohen commented.
