NYSE picks JPMorgan, SocGen for Euronext IPO: report
(Reuters) - NYSE Euronext NYX.N has tapped JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) to help arrange a potential $1 billion IPO for its European equity operations, Bloomberg news agency reported.
A stake in the Euronext unit, which controls markets in Paris, Lisbon, Brussels and Amsterdam, may be sold next year, Bloomberg said citing sources. (link.reuters.com/qym52v)
The sale could raise about 750 million euros ($1 billion)though the final size of the deal hasn't been determined yet, two sources familiar with the matter told Bloomberg.
The U.S. Securities and Exchange Commission has approved the takeover of NYSE Euronext by IntercontinentalExchange (ICE.N), according to a regulatory filing made available on the regulator's website last week.
The deal, which will give ICE control of Liffe, Europe's second-largest derivatives market, is expected to close in early September. It still needs approval from national regulators in Europe.
Representatives for NYSE Euronext, JPMorgan and Societe Generale were not immediately available for comment outside of regular business hours.
(Reporting by Lehar Maan and Adithya Venkatesan in Bangalore; Editing by Edwina Gibbs)
NEW YORK - U.S. stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher. | Video
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.