Ice looks to sell Euronext chunk

City A.M. Reporter
EXCHANGE operator Ice is trying to offload up to 30 per cent of Euronext to long-term investors before it floats the unit, Bloomberg reported yesterday.

Euronext will go public later this year, but competition regulators want ICE to hold onto at least 25 per cent, unless it can sell the stake on to other long-term buyers.

However, an extra challenge come in as no one shareholder can hold more than a 10 per cent stake.

ICE declined to comment.