NYSE Euronext, Atos Origin venture being dismantled - report |
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Mon, 26 Nov 2007 08:41
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PARIS (Thomson Financial) - AEMS, the joint venture of Atos Origin and NYSE Euronext Inc, is in the process of being dismantled, threatening the NSC system used by the Paris stock exchange, La Tribune daily reported, without naming its source.NYSE Euronext wants to buy the AEMS Exchange division, which supplies software to the company's four European stock exchanges and to its London-based derivatives business, the newspaper said.The division has annual sales of 220 mln eur, including 130 mln with Euronext, out of AEMS' total of about 340 mln, according to the report.The deal is likely to be finalised by year-end with the aid of ABN Amro and UBS, Euronext's usual advisers, La Tribune said.Atos Origin is seeking 200 mln eur for its stake but NYSE Euronext is only offering 150 mln, the report said, noting that NYSE Euronext refused to comment and AEMS could not be reached.Andrew.Newby@Thomson.coman/kf1COPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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NYSE Euronext, major banks to form block trading venture 