ICE Moves Forward with Trayport Divestment as CMA Upholds Sale Order
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ICE Moves Forward with Trayport Divestment as CMA Upholds Sale Order
InterContinental Exchange (ICE), which owns the New York Stock Exchange, has been told for the third time that it must sell Trayport, the energy trading technology shop it acquired for $650 million in December 2015.
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The UK Competition and Markets Authority (CMA) has selected the forced sale option to reverse Intercontinental Exchange’s takeover of Trayport, as the watchdog decided that the deal undermines competition.
The CMA’s decision said that the agreement for additional connectivity between ICE and Trayport signed in May 2016 should be terminated.
The CMA said in its ... (read more)
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