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© Reuters. FILE PHOTO: A surface displays the ticker awesome and logo for Intercontinental Exchange Inc. (ICE) connected the level of the New York Stock Exchange (NYSE) March 1, 2016. REUTERS/Brendan McDermid
(Reuters) - U.S. buyout steadfast Silver Lake volition get Intercontinental Exchange (NYSE:) Inc's involvement successful securities colony level Euroclear Holding for 709 cardinal euros ($821.7 million), the companies said connected Monday.
Euroclear, a Brussels-based supplier of post-trade information settlement, custody, collateral management, money absorption and information services, has 35.2 trillion euros of assets nether custody.
New York Stock Exchange proprietor ICE had a 9.85% involvement successful Euroclear.
Following the investment, which is expected to adjacent successful the archetypal fractional of adjacent year, Silver Lake wants 1 of its representatives to articulation Euroclear's board, the companies said.
Moelis (NYSE:) & Co was ICE's fiscal adviser, portion Lazard (NYSE:) advised Silver Lake connected the deal.
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