Friday, October 31, 2014   

NYSE plans spin off of Euronext
(05-24 09:29)

NYSE Euronext with spin off European stock exchange group Euronext via an initial public offer rather than sell it following its merger with InterContinentalExchange, a senior executive said.
“It will be an IPO,'' said deputy chief executive Dominique Cerutti on the sidelines of the launch of EnterNext, NYSE Euronext's new exchange for small and medium-sized companies.
There has been speculation recently in the media about which other exchanges or investment funds which might want to buy Euronext, which groups the Paris, Amsterdam, Brussels and Lisbon bourses.
ICE, which made an US$8.2-billion offer for NYSE Euronext in December, plans to unload Euronext after the transaction is complete.
Cerutti said intense work was under way to obtain the green light of regulators, particularly in Europe, for the merger.
He said ICE would hold the IPO for Euronext “very likely in the first half of 2014''. He said talk of a sale of Euronext was likely started by competitors.--AFP
   
Other Business breaking news:
German retail sales post biggest drop for 7 years (10-31 17:59)
Hang Seng finishes higher (10-31 17:22)
IAG airlines group logs improving Q3 profits (10-31 17:21)
European stocks rally at open (10-31 16:47)
Panasonic says half-year profit dives (10-31 15:53)
Nikkei soars to seven-year high (10-31 15:44)
Japan Airlines H1 net profit slips (10-31 15:43)
Sony says half-year loss balloons six-fold (10-31 15:42)
RBS sets aside 400m pounds for forex probes (10-31 15:41)
BoJ chief says at 'critical moment' for exiting deflation (10-31 15:40)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.