Euronext Sells Stake in Stoxx

EXCHANGE WATCH

Euronext Paris has sold its 25 percent stake in index provider Stoxx to the three remaining shareholders, officials said last week.

Deutsche Börse, Dow Jones & Co. and SWX Swiss Exchange now hold equal one-third shares in the Zurich-based company. Financial terms of the deal were not disclosed.

Vincent Remay, director of equity products at Euronext Liffe, says Euronext has been working closely with a number of other index providers--including FTSE, Morgan Stanley Capital International (MSCI) and

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