(Adds details from the statement in paragraph 2, background on minority investment in Burgiss in paragraph 3)

Aug 14 (Reuters) -

Index provider MSCI Inc on Monday said it has entered into a definitive agreement to acquire the remaining 66% of The Burgiss Group, a New Jersey-based provider of data and analytics solutions for investors, for $697 million in cash.

MSCI said it anticipates funding the purchase consideration from existing liquidity sources.

In 2020, it


$190 million in Burgiss for a significant minority investment.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Pooja Desai)