Inbrief

Italian rating agency Avanzi SRI Research, founded in 2002, is to be bought by the Paris-based Vigeo Group in a takeover indicating further consolidation of the sector in Europe. The takeover should be completed by the end of this year, at which point the Avanzi operation will become the Milan office of Vigeo, which also has bases in Brussels, Paris and Casablanca. Vigeo Group is Europe’s largest SRI rating agency, with more than 56 staff.