Date: 5th October 2016
Author:
Type: In the news
In 2013 InterContinentalExchange bought NYSE Euronext from the New York Stock Exchange and now announced that it will sell as much as 60% of its stake in the exchange operator of the Paris, Amsterdam, Brussels and Lisbon exchanges. The transaction is expected to raise as much as 1.16 billion euros.
A hard core of institutional shareholders, including ABN Amro Group NV and BNP Paribas SA, are committed to keep their titles for three years and will thus acquire 33.36% of Euronext shares.
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