€88M for Reuters from GL Trade sale

Reuters Group Plc, the largest publicly traded provider of financial information, said it gained e88 million in net proceeds from the sale of its entire stake in software maker GL Trade SA.

Reuters sold 1.03 million GL Trade shares to Euronext NV and 827,000 shares to GL Trade itself on June 30, Reuters spokeswoman Yasmeen Khan said. It closed the sale of another 1.67 million GL shares to investors on June 23.

Reuters has said it is selling smaller units and stakes to focus on its main division, which sells information and data to banks.