Intercontinental Exchange exits stake in Euronext with share sale

first_img Jenny Forsyth Show Comments ▼ Monday 8 December 2014 8:56 pm INTERCONTINENTAL Exchange (ICE) yesterday announced it was selling its final stake in Euronext, pricing the placement of 4.2m shares.The shares, representing approximately six per cent of Euronext’s share capital, are to be sold by way of an accelerated book-building to institutional investors, at a price of €23 each.ICE said it expected the gross proceeds from the sale to amount to €96.8m. The sale is expected to close on Thursday.ICE stated that, following the sale, it “will no longer hold any of Euronext’s shares or voting rights. This transaction marks the final exit from Euronext by ICE initiated in 2014.” Both the NYSE and Euronext, the operator of stock markets in Paris, Brussels and Amsterdam, came under ICE’s control after it paid $8.2bn for NYSE Euronext in late 2012.ICE chief executive Jeffrey Sprecher has always maintained he would like to keep hold of the New York Stock Exchange as well as the London-based Liffe derivatives business and its IT platform.But he said: “Euronext, as a leader in Europe, should operate independently and in the interests of its customers and local economies.”ABN AMRO, JP Morgan and Societe Generale Corporate & Investment Banking acted as joint bookrunners on the deal. Intercontinental Exchange exits stake in Euronext with share sale More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminatorcenter_img whatsapp Share whatsapp Tags: NULLlast_img

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