New York Stock Exchange owner wants to exit Euroclear
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New York Stock Exchange owner wants to exit Euroclear

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The American operator ICE, which owns the New York Stock Exchange, is selling its 9.85% stake in Euroclear, our writing has learned.

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The society Euroclear, established in Brussels, is a link betweenessential in global securities trading. This “stock exchange accountant” ensures that buyers receive their shares, funds or bonds and that sellers of these securities do indeed receive the amount of their sale. The company is also responsible for the deposit of securities.

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9,85%

of capital

With a 9.85% share, Intercontinental Exchange is Euroclear’s second largest shareholder.

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Intercontinental Exchange (ICE) is, with a 9.85% share, the second largest shareholder of Euroclear after the French securities manager Sicovam (15.9%).

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But this distribution of capital is set to change since the American stock exchange operator has instructed, according to our information, the investment bank Moelis to find a buyer for his titles.

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A participation of more than 600 million euros

A few years ago, Euroclear was valued at 5.85 billion euros. In view of the record figures recorded recently (a turnover of 1.4 billion euros and a net profit of 432 million in 2020), but also of the takeover of the Swedish company MFEX at the beginning of 2021, the value of ICE’s stake in Euroclear is arguably worth more than € 600 million.

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Together with the Swift banking network, Euroclear is an essential asset for Brussels’ position as a financial center.

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This sale operation would take place after the entry, last year, a consortium of Belgian investors (Ageas, Belfius Insurance, the Federal, Ethias and the SFPI, PMV and SRIW invests) up to 9.16% in the capital of the securities giant with a view to anchoring it in our country. With the Swift banking network, Euroclear is indeed an essential asset for Brussels’ position as a financial center.

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