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Report: Intercontinental Exchange ups stake in Euroclear to 10%

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Report: Intercontinental Exchange ups stake in Euroclear to 10%

U.S.-based Intercontinental Exchange Inc. increased its shareholding in Euroclear Plc to about 10%, the Financial Times reported Feb. 2, citing "two people familiar with its purchases."

The additional stake was bought from unidentified members of a consortium of banks that own the world's largest settlement house.

In October 2017, Intercontinental Exchange bought a 4% stake in Euroclear from Royal Bank of Scotland Group Plc for a cash consideration of €275 million.