Statement on intended transaction between Silver Lake and Intercontinental Exchange
BRUSSELS, Oct. 18, 2021 /PRNewswire/ — The Board of Euroclear Holding SA/NV notes today’s announcement that Intercontinental Exchange, a Euroclear shareholder since 2017, has entered into an agreement to sell its 9.85% stake to Silver Lake.
In light of this announcement, Euroclear must now follow the regulatory requirements necessary for such a transaction.
Euroclear group is the financial industry’s trusted provider of post trade services. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.
The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & International. The Euroclear group settled the equivalent of EUR 897 trillion in securities transactions in 2020, representing 276 million domestic and cross-border transactions, and held EUR 35.2 trillion in assets for clients by end June 2021. For more information about Euroclear, please visit www.euroclear.com
Logo – https://www.businessupturn.com/wp-content/uploads/2021/10/statement-on-intended-transaction-between-silver-lake-and-intercontinental-exchange-1.jpg
Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same.