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.
