May 4, 2016, 17:00 | Finance | Exchange | London Stock Exchange | ICE
InterContinental Exchange Inc (ICE), the world’s largest operator of the derivatives market, combining the exchanges and clearing houses network for financial and commodity markets in the US, Canada and Europe, as well as managing the New York Stock Exchange, has decided to withdraw from negotiations to buy the London Stock Exchange.
“The ICE did not find sufficient grounds to confirm the potential benefits of the strategic merger, which could get the market and shareholders”, – quotes the “Times,” the company’s statement
.
In March, two of the largest operators in Europe – London Stock Exchange Group (LSEG) and Deutsche Boerse – announced their merger. The total value of the combined company after the completion of the transaction is approximately $ 28 billion. At the same time (later) it was reported that ICE is preparing an offer for the LSE, which is supposed to be more beneficial to London than the German trade.
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