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Silver Lake to buy NYSE-owner ICE’s stake in Euroclear for 709 million euros By Reuters

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© Reuters. FILE PHOTO : An image of the ticker symbol (and logo) for Intercontinental Exchange Inc. is displayed on the New York Stock Exchange floor, March 1, 2016. REUTERS/Brendan McDermid

(Reuters) – U.S. Buyout Firm Silver Lake will Acquire Intercontinental Exchange’s Share in Euroclear Holding, a Securities Settlement Platform for Investors (NYSE:) Inc) For 709 Million Euros ($821.7 Miillion), the two companies announced Monday.

Euroclear has 35.2 Trillion euros in assets and is located in Brussels.

New York Stock Exchange owner ICE held a 9.85% interest in Euroclear.

Silver Lake said that it wants to have one of its representative join Euroclear’s board following the acquisition, which is expected in the first half next year.

Moelis (NYSE:) & Co was ICE’s financial adviser, while Lazard (NYSE:) advised Silver Lake on the deal.

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