TMX Group today announced that it has sold the business of its investor relations subsidiary The Equicom Group Inc. (Equicom) to NATIONAL Public Relations Inc.
The decision to enter into this transaction was made within the scope of TMX Group's recent organizational review and strategic realignment, which was announced on June 2, 2015 . The stated goal of this process was to sharpen the focus of TMX Group's investment strategy on a core set of product and service offerings.
"Equicom provides excellent investor relations consulting services to our clients and we are pleased to continue recommending its services to our listed issuers under NATIONAL's leadership," said Ungad Chadda, Senior Vice President, Toronto Stock Exchange.
The transaction closed today. The terms were not disclosed.