The FINANCIAL — Euronext on August 17 announced it has signed a definitive agreement to acquire a 20% stake in EuroCCP, the leading CCP for pan-European equity markets, providing clearing and settlement services, for an amount of circa €14m.
This follows the announcement of May 12th confirming Euronext was in exclusive talks to acquire 20% of EuroCCP.
The completion of the transaction is subject to regulatory approvals and the deal is expected to close towards the end of the year.
This transaction will enable Euronext to offer user choice in clearing for the equity markets within the Eurozone, through the implementation of a preferred CCP model followed by a fully interoperable service, which will be open to other CCPs in due course.
