The French public group Caisse des dépôts announced on Tuesday an agreement for the acquisition of 5.4% of Euroclear, a key European player for market exchanges, for 390 million euros.
Caisse des Dépts buys out this minority share from the parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), which sold the rest of its stake (4.4%) to the Belgian public investor SFPI-FPIM, she said in a press release.
Euroclear, whose head office is in Brussels, is a major player in Europe in clearing, an activity that ensures the security and proper execution of exchanges on the markets.
According to the press release from Caisse des Dépots, Euroclear settled 295 million domestic and cross-border transactions and managed 37,600 billion euros in assets on behalf of its customers at the end of 2021.
The Caisse des Dépts, which centralizes a large part of the regulated savings of the French and presents itself as the fourth French institutional investor, specifies that it wants to support the stability and European anchoring of Euroclear in the service of financing the French economy and European.
She asked to join the board of directors of Euroclear after the completion of the transaction.
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The entry of the Caisse des Dépts into the capital of Euroclear reaffirms the group’s commitment to the development of the French and European financial center, said Eric Lombard, Managing Director of the Caisse des Dépts, quoted in the press release.