The Chicago Stock Exchange is being sold to a Chinese investor group.

It will be acquired by Chongqing Casin Enterprise Group, or the “Casin Group” in a transaction that is expected to close in the second half of the year.

“With our new investment partners, we will have significant additional resources to pursue our new business initiatives,” Chicago Stock Exchange CEO and President John Kerin said.

Here’s the press release:

CHICAGO–The Chicago Stock Exchange, Inc. (CHX) is pleased to announce that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing Casin Enterprise Group (the “Casin Group”). read more >>>

Source : BusinessInsider.Com