(Bloomberg) -- NYSE Euronext, operator of stock and
derivatives exchanges on both sides of the Atlantic, will have
to sell its stake in the venture that operates Europe's main
government-bond trading market to partner Borsa Italiana SpA.
Borsa Italiana notified NYSE Euronext today that it wants
to exercise an option to buy the 51 percent stake in MBE
Holdings Inc. it doesn't already own, the New York-based
exchange said in a statement. The option was triggered by the
NYSE Group Inc.'s $14 billion purchase of Euronext NV in April.
The Big Board will have three months from today to determine a
price for shares of MBE Holdings, which owns a majority stake in
the fixed-income market MTS SpA, according to the statement.
Read more at Bloomberg Stocks News
derivatives exchanges on both sides of the Atlantic, will have
to sell its stake in the venture that operates Europe's main
government-bond trading market to partner Borsa Italiana SpA.
Borsa Italiana notified NYSE Euronext today that it wants
to exercise an option to buy the 51 percent stake in MBE
Holdings Inc. it doesn't already own, the New York-based
exchange said in a statement. The option was triggered by the
NYSE Group Inc.'s $14 billion purchase of Euronext NV in April.
The Big Board will have three months from today to determine a
price for shares of MBE Holdings, which owns a majority stake in
the fixed-income market MTS SpA, according to the statement.
Read more at Bloomberg Stocks News
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