A PYMNTS Company

EU: ICE to divest Euronext six months after acquisition

By  |  May 27, 2014

The Intercontinental Exchange Group is reportedly set to spin-off Euronext, just six months after it acquired the exchange through its purchase of NYSE Euronext.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to reports, ICE plans to float Euronext in an initial public offering later this year, beginning in Paris, Amsterdam and Brussels, and later in Lisbon.

    Euronext was first paired with the New York Stock Exchange in a 2007 merger. The combined company at one point looked to grow even further through a merger with Deutsche Borse, but the European Commission blocked the deal in 2012.

    Atlanta-based ICE then acquired NYSE Euronext in an $8.2 billion acquisition after the Commission’s ruling. According to reports, ICE had always intended to spin-off Euronext, and had originally looked to acquire the company for its derivatives asset Liffe.

    Full content: NYTimes

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.