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Dow Jones Indexes divests its 50% interest in industry classification benchmark

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Dow Jones Indexes has sold its 50% interest in Industry Classification Benchmark (ICB), a sector classification system, to FTSE Group.

Dow Jones Indexes said it plans to immediately implement a new proprietary classification standard, based on the ICB system, for its own indexes as well as for indexes it calculates, maintains and disseminates for clients.

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