Intercontinental Exchange (ICE) has acquired a 4.7 per cent stake in Euroclear, a provider of post-trade services, including settlement, central securities depositories and related services for cross-border transactions across asset classes, for EUR 275 million.
ICE anticipates having one representative join the Board of Euroclear.
“We are thrilled to become a shareholder of Euroclear,” says ICE Chairman and CEO Jeffrey C Sprecher (pictured). “Euroclear’s infrastructure plays an increasingly important role as technology, collateral, risk management and regulation continue to drive an emphasis on post-trade services. This transaction demonstrates our continued focus on expanding our investments in mission critical clearing and risk management assets. We look forward to supporting Euroclear’s role as an independent provider of vitally important financial market infrastructure services.”
