The Intercontinental Exchange (ICE) has acquired the entirety of Royal Bank of Scotland’s (RBS) shares in Euroclear.
Euroclear approved the acquisition of shares equivalent to 4.7 percent of its total shareholdings.
In the first half of 2017, Euroclear held €28 trillion in assets for clients.
Marc Antoine Autheman, chairman of Euroclear, said: “The addition of ICE to our shareholder base further strengthens our position as an independent, profit moderated infrastructure that helps assure the efficiency, stability and safety of the global financial markets.”
Lieve Mostrey, CEO of Euroclear, commented: “The collaborative nature of our model allows us to deliver both a diversified range of solutions that respond to the evolving needs of our clients around the world, and generate value for our shareholders.”
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