Rutgers & Posch advises Euronext on participation in EuroCCP

Euronext announced on 17 August that it has signed a definitive agreement to acquire a 20% stake in European Central Counterparty N.V. (EuroCCP), the leading CCP for pan-European equity markets providing clearing and settlement services, for an amount of circa euro 14 mln. This announcement follows the release of 12 May whereby Euronext announced to be in exclusive talks to acquire this stake.

The completion of the transaction is subject to regulatory approvals and the deal is expected to close towards the end of 2016.

The team of Rutgers & Posch consists of Robert ten Have, Henriette van Overklift and Babette Waltman.

Click here for Euronext’s press release.