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News Oct 24, 2017

Shearman & Sterling Advises Intercontinental Exchange on Its Acquisition of Strategic Stake in Euroclear

Shearman & Sterling is advising Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, on its acquisition of a 4.7% stake in Euroclear from The Royal Bank of Scotland Group for €275 million.

Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets.

Euroclear is a leading provider of post-trade services, including settlement, central securities depositories and related services for cross-border transactions across asset classes. 

The Shearman & Sterling team includes partners Laurence Levy (London-Mergers & Acquisitions), Barney Reynolds (London-Financial Institutions Advisory & Financial Regulatory) and Simon Letherman (London-Tax); counsel Jeffrey Tate (Washington, DC -Tax) and Severine de La Courtie (Paris-Capital Markets); and associates Sophie Rees (London-Mergers & Acquisitions), Inyoung Song (London-Financial Institutions Advisory & Financial Regulatory), Lois Howarth (London-Tax) and Amandine Souin (Paris-Capital Markets).