Caisse des dépôts (CDC) becomes a shareholder in Euroclear.
Based in Brussels, this company is a key European player, ensuring the security and proper execution of trade on the financial markets.
The CDC, the financial arm of the French state, announced Tuesday an agreement to buy 5.4% of the capital of Euroclear for 390 million euros from IntercontinentalExchange (ICE), parent company of the New York Stock Exchange.
The Belgian public investor, the Federal Holding and Investment Company (SFPI-FPIM) acquires the balance (4.4%) of ICE's stake for 319 million euros, which allows it to rise to 11 % of Euroclear capital.
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A few months ago, ICE, which in 2019 had become the largest shareholder of Euroclear, had reached an agreement with the American investment fund Silver Lake to sell its shares to it, already for a total of 709 million euros. .
But Euroclear opposed it, exercising its right to choose another acquirer, as explained in…
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