Brief: Euronext finalises Euroclear settlement transfer

Brief: Euronext finalises Euroclear settlement transfer

Euronext has completed negotiations and received regulatory approval for the consolidation of CIK and Necigef, the central securities depositories of Belgium and the Netherlands, in the Euroclear group, and the acquisition by Euroclear of a 20% stake in the exchange's clearing subsidary Clearnet.

Euronext will receive a three per cent shareholding in Euroclear.

These transactions, agreed in mid-June last year, will be booked in Euronext's accounts for 2002.

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