17.08.2016 18:02:00
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Euronext Enters into a Definitive Agreement for the Acquisition of a 20% Stake in EuroCCP
Regulatory News:
Euronext (Paris:ENX) (Amsterdam:ENX) (Brussels:ENX) today announced it has signed a definitive agreement to acquire a 20% stake in EuroCCP, the leading CCP for pan-European equity markets, providing clearing and settlement services, for an amount of circa €14m1. This follows the announcement of May 12th confirming Euronext was in exclusive talks to acquire 20% of EuroCCP.
The completion of the transaction is subject to regulatory approvals and the deal is expected to close towards the end of the year.
This transaction will enable Euronext to offer user choice in clearing for the equity markets within the Eurozone, through the implementation of a preferred CCP model followed by a fully interoperable service, which will be open to other CCPs in due course.
About Euronext
Euronext is the primary exchange in the Euro
zone with more than 1 300 listed issuers worth close to €3.0 trillion in
market capitalization as of end March 2016, an unmatched blue chip
franchise consisting of 25 issuers in the EURO STOXX 50® benchmark and a
strong diverse domestic and international client base.
Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. Euronext operates regulated markets, Alternext and the Free Market; in addition it offers EnterNext, which facilitates SMEs’ access to capital markets.
Disclaimer
This press release is for information purposes
only and is not a recommendation to engage in investment activities.
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warranty of any kind. While all reasonable care has been taken to ensure
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interest in or connected with this publication shall vest in Euronext.
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press release speaks only as of this date. Euronext refers to Euronext
N.V. and its affiliates. Information regarding trademarks and
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2016, Euronext N.V. - All rights reserved.
1 Subject to closing adjustments.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160817005902/en/
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