Euronext Enters into Talks to Acquire 20% Stake in EuroCCP
Posted: Wed May 11, 2016 4:47 pm
Euronext, Europe’s largest exchange, has entered into exclusive talks to acquire a sizable stake in EuroCCP, a Central Counterparty (CCP) for pan-European equity markets, for a sum of $15.9 million (€14.0 million), according to a Euronext statement.
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The deal would see Euronext acquiring a 20% stake in EuroCCP, which would include contribution to regulatory capital, pending customary closing adjustments and requisite regulatory approval. As a leader in pan-European equity markets, the partial acquisition of EuroCCP would ultimately facilitate additional clearing ... (read more)