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Intercontinental Exchange closes Trayport sale

Intercontinental Exchange Inc. has closed its sale of London-based Trayport Holdings Ltd and U.S.-based Trayport Inc. to TMX Group Ltd.

Under the terms of the deal, it received in exchange Natural Gas Exchange Inc., Shorcan Energy Brokers Inc. and £350 million in cash. TMX had pegged the total deal consideration at £550 million.