trending Market Intelligence /marketintelligence/en/news-insights/trending/b6gh3MDb1oGIwmHpZqxEOQ2 content esgSubNav
In This List

Chinese central bank unit revealed as 5th-largest shareholder in Euroclear

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Chinese central bank unit revealed as 5th-largest shareholder in Euroclear

The State Administration of Foreign Exchange, a unit of the Chinese central bank, emerged as the owner of a 4.26% stake in Euroclear SA/NV after the Belgium-based central securities depository disclosed its ownership structure, the Financial Times reported.

The unit's stake is owned by a separate company called Kuri Atyak Investments Ltd., which holds a seat on Euroclear's board and is the fifth-largest shareholder, the publication said.

Euroclear disclosed the information as a prelude to a possible change in its shareholding structure.

It was previously examining a number of options, including a private placement with long-term investors and an IPO, CEO Lieve Mostrey told Reuters. An orderly transformation could help "put big and small shareholders that want to sell a bit more at par in the process," Mostrey said.

As of Dec. 10, Sicovam Holding SA holds the largest shareholding in Euroclear with a stake of 15.89%. Intercontinentalexchange Holdings, J.P. Morgan Overseas Capital LLC and London Stock Exchange (C) Ltd. own 9.85%, 5.71% and 4.92% stakes in the company, respectively.