Companies

NYSE Euronext to sell stake in MCX

NYSE Euronext is planning to sell its 4.79 per cent stake, in full or part, in commodity bourse MCX, the global exchange major has said.

“...we are continuing to deliver on our commitment to optimise the business portfolio with ... the planned sale of all or part of our MCX stake,” NYSE Euronext Group Executive Vice-President and CFO Michael S. Geltzeiler said while announcing full year results for 2012.

NYSE Euronext now holds 4.79 per cent stake in MCX, which is worth Rs.325 crore as per the current market price. The exchange had bought 5 per cent stake for about Rs.240 crore in June 2008.

NYSE Euronext is a leading global operator of financial markets and provider of innovative trading technologies.

The company’s exchanges in Europe and the U.S. trade equities, futures, options, fixed income and exchange-traded products.


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Printable version | Jul 24, 2021 6:57:44 PM | https://www.thehindu.com/business/companies/nyse-euronext-to-sell-stake-in-mcx/article4404714.ece

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