Euronext NV named a chief executive officer for its Paris stock market as the French government seeks to ensure its interests are protected in the company’s spinoff from IntercontinentalExchange Group Inc.
Anthony Attia, who had served as chief of staff to Euronext CEO Dominique Cerutti, will fill the new position, “thereby strengthening the role of the Paris stock exchange,” according to a statement yesterday. Euronext also named Lee Hodgkinson as head of its markets and global sales teams and said he will ultimately become CEO of Euronext London. Amaury Dauge was appointed chief financial officer.
ICE is jettisoning Euronext after acquiring it through the purchase of NYSE Euronext in November, with plans to sell as much as 30 percent before an initial public offering, according to three people familiar with the matter. As Euronext moves toward an IPO, the French and Dutch regulators who oversee the exchange have some differing views on its future, with both sides seeking to protect national interests, the people said.
While the French want an initial share offering, the Dutch are prepared to approve a takeover, the people said. Euronext is debating the option of a dual listing in Paris and Amsterdam, overseen by the Dutch, but the bourse hasn’t reached a decision yet, the people said.
Euronext runs exchanges in Paris, Lisbon, Amsterdam and Brussels. It values itself at between 1.5 billion euros ($2 billion) and 1.8 billion euros, the people said.
Euronext, formed from the 2000 merger of the Paris, Amsterdam and Brussels exchanges, completed its initial share sale in 2001. After a series of acquisitions including that of Liffe, Europe’s second-largest derivatives market, Euronext sold itself in 2007 to NYSE Group Inc., forming the world’s biggest stock-exchange operator. In December 2012, ICE said it would buy the company and spin off Euronext. ICE is keeping the London-based Liffe derivatives market.