EU approve Euronext combininng with IntercontinentalExchange
NYSE Euronext have announced that it has been notified by the European Commission that the proposed acquisition of the Company by IntercontinentalExchange has been unconditionally approved.
“We welcome the European Commission’s decision,” said Duncan L. Niederauer, CEO of NYSE Euronext. “This is obviously a significant step forward in completing our compelling combination, and we now look forward to working with our regulators to obtain the final approvals necessary to close the transaction.”
Completion of the combination is subject to final approval from the U.S. Securities and Exchange Commission, the College of Regulators and other national regulators.
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products.
With around 8,000 listed issues (excluding European Structured Products), NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca – represent one-third of the world’s equities trading, the most liquidity of any global exchange group.
NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world’s second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies.