AMSTERDAM & BRUSSELS & LISBON, Portugal & LONDON & PARIS--(BUSINESS WIRE)--Regulatory News:
Euronext (Paris:ENX) (Amsterdam:ENX) (Brussels:ENX) today announced it has completed the acquisition of a 20% equity stake in EuroCCP, for an amount of €13.4m, after having received regulatory approvals. This follows the announcement of August 17th on the signing of a definitive agreement with the existing shareholders of EuroCCP.
EuroCCP is the leading CCP for pan-European equity markets providing clearing and settlement services. Following this acquisition, Euronext is now an equal shareholder in the company alongside ABN Amro Clearing Bank, Bats Europe, The Depository Trust & Clearing Corporation (DTCC) and Nasdaq.
This deal 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 leading pan-European exchange
in the Eurozone with more than 1 300 listed issuers worth close to €3.1
trillion in market capitalization as of end October 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.
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