Euronext Division Is Not for Sale, NYSE’s Duncan Niederauer Says

NYSE Euronext, the exchange operator that agreed to be bought by IntercontinentalExchange Inc. (ICE), said its European business Euronext is not for sale.

NYSE has been meeting with regulators and investors since announcing last month it would be acquired by Atlanta-based ICE, said Chief Executive Officer Duncan Niederauer in a Bloomberg Television interview. While it is still early in the review process, there are no plans to sell the Euronext business, he said.

ICE, the 12-year-old energy and commodity futures exchange, said Dec. 20 it would pay $33.12 for each share of New York- based NYSE to take control of the world’s biggest equity market. The deal is set to close in 2013.

To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net

To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.