NYSE Euronext Inc. (NYX) Makes More Moves Abroad
Atos Origin (Euronext Paris: ATO), an international IT services company, and NYSE Euronext (NYSE Euronext: NYX) today announced their agreement in principle for NYSE Euronext to acquire the 50% stake in AtosEuronext Market Solutions (AEMS) owned by Atos Origin.
Upon successful completion of this transaction and subject to the prior information and consultation of all relevant employee representative bodies, NYSE Euronext would re-acquire ownership of the NSC cash trading and LIFFE CONNECT® derivatives trading platform technology and all of the management and development services surrounding these platforms as well as AEMS’s third-party exchange technology business. Atos Origin would acquire the third-party Clearing & Settlement and Capital Markets businesses from AEMS.
Such transactions would result in a payment of €275 million (US$400 million) from NYSE Euronext to Atos Origin1 and of €20 million (US$29 million) from Atos Origin to AEMS.
This agreement in principle follows a longstanding, successful relationship between Atos Origin and Euronext, and allows the two companies to focus on their core businesses, given recent trends in their respective industries. Both parties will extend their historical relationship, Atos Origin becoming NYSE Euronext’s preferred supplier in integration and outsourcing IT services.
It is expected that the contemplated re-integration of the technology businesses within Atos Origin and NYSE Euronext will be completed by the end of the summer in 2008.
Upon successful completion of this transaction and subject to the prior information and consultation of all relevant employee representative bodies, NYSE Euronext would re-acquire ownership of the NSC cash trading and LIFFE CONNECT® derivatives trading platform technology and all of the management and development services surrounding these platforms as well as AEMS’s third-party exchange technology business. Atos Origin would acquire the third-party Clearing & Settlement and Capital Markets businesses from AEMS.
Such transactions would result in a payment of €275 million (US$400 million) from NYSE Euronext to Atos Origin1 and of €20 million (US$29 million) from Atos Origin to AEMS.
This agreement in principle follows a longstanding, successful relationship between Atos Origin and Euronext, and allows the two companies to focus on their core businesses, given recent trends in their respective industries. Both parties will extend their historical relationship, Atos Origin becoming NYSE Euronext’s preferred supplier in integration and outsourcing IT services.
It is expected that the contemplated re-integration of the technology businesses within Atos Origin and NYSE Euronext will be completed by the end of the summer in 2008.
Labels: NYSE Euronext Inc., NYX
posted by Stock Administrator @ 6:16 PM
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