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Euronext, the operator of four European stock exchanges, continues its expansion into the clearing services space after announcing today that it has signed a definitive agreement to acquire a 20% stake in EuroCCP.
Earlier in May, Finance Magnates reported that the exchange group, which operates stock markets in Belgium, France, Netherlands and Portugal, has entered into exclusive talks to acquire a sizable stake in the cash equities clearer for a sum of $15.9 million (€14.0 million).
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Current owners of EuroCCP, a leading CCP for pan-European equity ... (read more)