ICE to Divest Remaining Stake in Euronext
ICE, which bought NYSE Euronext in late 2012, started a book-building process to sell its approximately 6 percent holdings to institutional investors, through private placement, last night. Proceeds from the sale will amount to EUR 96.8 million, or $119.6 million.
The sale marks the final exit of ICE from Euronext. It has retained the NYSE and the London Liffe derivaties exchange, but has begun spinning off businesses from NYSE Technologies also.
ABN Amro, JPMorgan and Société Générale Corporate and Investment Banking acted as joint bookrunners.
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