Primark Eyes Fundamentals With Extel Assets Purchase

ORGANIZATION & MANAGEMENT

LONDON--Primark is set to acquire certain assets of Financial Times Information's (FTI) Extel subsidiary. The transaction, believed to be imminent, is said to involve Extel's company accounts business, valued at between £10 and £12 million.

Primark officials decline to comment and Extel could not be reached by press time. However, industry observers suggest that such an acquisition of fundamental information would bolster Primark's data offering in Europe and Asia.

Financial Times Information,