Euronext to IPO in June

|By:, SA News Editor

The stock exchange operator will be spun off by IntercontinentalExchange (ICE +0.9%) - part of the deal which sealed approval of ICE's purchase of NYSE Euronext. Initially it will list across three of its own exchanges - Paris, Amsterdam, and Brussels - with Lisbon to be added at a later date.

Also per agreement with regulators, ICE will retain a 25% stake in Euronext for three years following the IPO unless it can find a group of "stable, long-term shareholders" to take its place.

ICE will continue to hold full ownership of the NYSE.