---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-004777"
form_type: "8-K"
ticker: "SPGI"
cik: "0000064040"
company_name: "S&P Global Inc."
filed_at: "2025-04-14T23:59:59+00:00"
generated_at: "2026-05-23T15:50:12.906470+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# S&P Global and CME Group sell OSTTRA to KKR for $3.1B enterprise value

## Summary
- S&P Global and CME Group sign definitive agreement to sell OSTTRA to KKR for $3.1B enterprise value, split evenly.
- OSTTRA, a post-trade solutions JV formed in 2021, serves OTC markets across rates, FX, credit, and equity.
- Transaction expected to close in H2 2025, subject to customary conditions and regulatory approvals.
- OSTTRA co-CEOs Guy Rowcliffe and John Stewart will remain; KKR plans equity ownership program for ~1,500 employees.
- S&P Global cites continued portfolio optimization and strategy alignment.

## SEC filing metadata
- accession: 0000950103-25-004777
- form_type: 8-K
- ticker: SPGI
- cik: 0000064040
- company_name: S&P Global Inc.
- filed_at: 2025-04-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64040/000095010325004777/0000950103-25-004777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64040/000095010325004777/dp227635_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-004777
- JSON: https://secwatch.observer/filing/0000950103-25-004777.json
- Plain text: https://secwatch.observer/filing/0000950103-25-004777.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.