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

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Silver Lake to bargain  NYSE-owner ICE's involvement   successful  Euroclear for 709 cardinal  euros © 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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