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NYSE plans to sell stake in MCX

NYSE Euronext’s stake in MCX is worth Rs.325 crore as per current market price
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First Published: Mon, Feb 11 2013. 09 26 PM IST
Photo: Reuters
Photo: Reuters
New Delhi: NYSE Euronext is planning to sell its 4.79% stake, in full or part, in India’s leading commodity bourse MCX, the global exchange major has said.
“...we are continuing to deliver on our commitment to optimize the business portfolio with ... the planned sale of all or part of our MCX stake,” NYSE Euronext group executive vice president and chief financial officer Michael S. Geltzeiler said while announcing its fourth-quarter results last week.
NYSE Euronext’s stake in MCX is worth Rs.325 crore as per the current market price. The exchange had bought a 5% 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 US trade equities, futures, options, fixed-income and exchange-traded products.
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First Published: Mon, Feb 11 2013. 09 26 PM IST
More Topics: NYSE | MCX | trading | commodity bourse |
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