ICE Announces Update on Divestment of Euroclear Stake
May 17 2022 - 3:31AM
Business Wire
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of data, technology, and market infrastructure, today
announced an update on the divestment of its 9.85% stake in
Euroclear, the Brussels-based provider of post-trade security
settlement, custody, and collateral management.
In October 2021, ICE announced that it planned to divest its
stake in Euroclear for EUR709 million. During the approvals
process, an alternative group of buyers of ICE’s shares came
forward. ICE has now reached an agreement with Euroclear to sell
5.42% of its stake to Caisse des Dépôts et Consignations (CDC) and
4.43% of its stake to Société Fédérale de Participations et
d'Investissement SA (SFPI-FPIM).
CDC is a French-government owned investment company. SFPI-FPIM
is a Belgium-government owned investment company. The combined
total of the share sale remains EUR709 million. The sale has met
all required approvals.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune
500 company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate
exchanges, including the New York Stock Exchange, and
clearing houses that help people invest, raise capital and
manage risk across multiple asset classes. Our comprehensive fixed
income data services and execution capabilities provide
information, analytics and platforms that help our customers
capitalize on opportunities and operate more efficiently. At ICE
Mortgage Technology, we are transforming and digitizing the
U.S. residential mortgage process, from consumer engagement through
loan registration. Together, we transform, streamline and automate
industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for
certain products covered by the EU Packaged Retail and
Insurance-based Investment Products Regulation can be accessed on
the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2021, as
filed with the SEC on February 3, 2022.
ICE- CORP
Source: Intercontinental Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20220517005671/en/
ICE Media Contact: Josh King josh.king@ice.com
media@ice.com +1 (212) 656-2490
ICE Investor Contact: Mary Caroline O’Neal
marycaroline.oneal@ice.com +1 (770) 738-2151
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