NYSE Euronext plans to sell its 5% stake in MCX
3 Jun 2013 11:33 PM GMT
Global exchange giant NYSE Euronext is considering a fresh bid to sell its nearly 5 per cent stake in India's premier commodity bourse MCX, after its earlier attempt failed in March this year.
NYSE Euronext, which runs leading bourses in the US and Europe, holds 4.79 per cent stake in Multi Commodity Exchange (MCX) and its stake is currently valued at over Rs 200 crore.
According to the investment banking sources, NYSE Euronext will soon make a fresh attempt to sell its MCX stake, either in part or full, depending on the market conditions. The sale would most probably carried out through an open market transaction and would be part of NYSE Euronext's stated objective to monetise non-strategic assets across the world. The exchange has said in an investor presentation earlier that its MCX stake sale was expected to be concluded in the first half
 of 2013.
NYSE Euronext, which runs leading bourses in the US and Europe, holds 4.79 per cent stake in Multi Commodity Exchange (MCX) and its stake is currently valued at over Rs 200 crore.
According to the investment banking sources, NYSE Euronext will soon make a fresh attempt to sell its MCX stake, either in part or full, depending on the market conditions. The sale would most probably carried out through an open market transaction and would be part of NYSE Euronext's stated objective to monetise non-strategic assets across the world. The exchange has said in an investor presentation earlier that its MCX stake sale was expected to be concluded in the first half
 of 2013.
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