ICE to Divest Remaining Stake in Euronext

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ICE is dual headquartered in Atlanta and New York.

The Intercontinental Exchange Group (ICE) is set to sell its remaining shares in Euronext, as part of its strategic roadmap following its 2012 acquisition of the exchange operator.

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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