NO 248 – OCTOBER 2013

WFE Focus
Exchange consolidation news

Hellenic Exchanges to merge with Athex

The HELEX Board of Directors approved the draft merger agreement for the merger of HELEX with its 100% subsidiary “Athens Exchange S.A.”. In addition, it approved the terms of the spin-off from HELEX of the central securities depository business, as well as the registry and settlement management activities which will now be performed by the “Thessaloniki Stock Exchange Centre”. The merger by absorption and the business spin-off are subject to the approval by the General Meetings of the companies being transformed, and the receipt of the necessary permits and approvals by the appropriate authorities.

ICE and NYSE Euronext merger obtain new regulatory approval

IntercontinentalExchange and NYSE Euronext announced that the Chairmen’s Committee of Euronext Regulators have issued a letter to ICE and NYSE Euronext indicating that they are “not minded to object” to the proposed merger between ICE and NYSE Euronext. With this important milestone achieved, ICE and NYSE Euronext now await final approvals to be issued by national authorities and regulatory bodies in each of the relevant European jurisdictions in order to complete the transaction.