Euronext Announces Binding Agreement to Sell Its 20% Minority Stake in EuroCCP
10 Décembre 2019 - 7:45AM
Euronext Announces Binding Agreement to Sell Its 20% Minority Stake
in EuroCCP
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EURONEXT ANNOUNCES BINDING AGREEMENT TO SELL ITS 20%
MINORITY STAKE IN EUROCCP
Amsterdam, Brussels, Dublin, Lisbon,
London, Oslo and Paris – 10 December 2019
– Euronext, the leading pan-European exchange,
announces it has entered into a binding agreement to sell its 20%
minority stake in EuroCCP to Cboe Global Markets, alongside the
other current EuroCCP shareholders.
Euronext remains committed in developing its
Post Trade strategy, described in its Let’s Grow Together 2022
strategic plan. Euronext will continue to leverage its long term
derivatives clearing agreement with, and its 11.1% equity stake in,
LCH SA, and develop its two fully-owned CSDs in Norway and
Portugal, as the foundation for further growth in Post Trade.
The transaction is expected to close in H1 2020,
subject to receipt of required regulatory clearances and the
arrangement of a supporting liquidity facility at the EuroCCP
clearing entity level.
Euronext expects to receive net proceeds of
approximately €9 million from the sale of its minority stake. As a
result of this agreement, Euronext will impair the value of its
participation by approximately €6 million in Q4 2019.
CONTACTS - MediaPauline
Bucaille
+33 1 70 48 24 41; pbucaille@euronext.com
Analysts & investorsAurélie
Cohen / Clément
Kubiak
+33 1 70 48 24 27; ir@euronext.com
About EuronextEuronext is the
leading pan-European exchange, covering Belgium, France, Ireland,
The Netherlands, Norway, Portugal and the UK. With close to 1,500
listed issuers worth €4.3 trillion in market capitalisation as of
end September 2019, Euronext has an unmatched blue chip franchise
that includes 26 issuers in the Morningstar® Eurozone 50 Index℠ and
a strong diverse domestic and international client base. Euronext
operates regulated and transparent equity and derivatives markets
and is the largest centre for debt and funds listings in the world.
Its total product offering includes Equities, FX, 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. In addition to its main regulated market, Euronext also
operates Euronext GrowthTM and Euronext AccessTM, simplifying
access to listing for SMEs. The Norwegian stock exchange and
its clearing & settlement subsidiary, together operating as
Oslo Børs VPS, joined Euronext on 17 June 2019. For the
latest news, find us on Twitter (twitter.com/euronext) and LinkedIn
(linkedin.com/euronext).
DisclaimerThis press release is
for information purposes only and is not a recommendation to engage
in investment activities. This press release is provided “as is”
without representation or warranty of any kind. While all
reasonable care has been taken to ensure the accuracy of the
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reserved.
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- 20191210 PR_Euronext stake in EuroCCP
- 20191210 PR_Euronext stake in EuroCCP