Euronext Division Is Not for Sale, NYSE CEO Niederauer SaysWhitney Kisling
NYSE Euronext, the exchange operator that agreed to be bought by IntercontinentalExchange Inc., said its European equities unit Euronext is not for sale.
NYSE Euronext and ICE said in December that they plan to explore an initial public offering for Euronext, which operates bourses in Paris, Lisbon, Brussels and Amsterdam. Earlier this month, Reuters reported that ICE would consider a sale of the European equities division if it gets bids during the takeover, citing three unidentified people close to the exchange.
“We communicated to regulators we are thinking about separating the continental assets of Euronext into a stand-alone European champion,” said Chief Executive Officer Duncan Niederauer in a Bloomberg Television interview. “Stand-alone units, but not an asset sale.”
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. Both boards approved the proposal and the companies expect to complete the transaction in the second half of 2013.