Cboe Global Markets Agrees to Acquire Leading European Equities Clearing House EuroCCP
Transaction brings together two pan–European organizations that have long championed competition, open access and clearing interoperability in Europe
Ownership of EuroCCP expected to enhance Cboe's current European equities business and create pathway for equity derivatives trading and clearing in the region
Deal expected to close in first half of 2020CHICAGO and LONDON – December 10, 2019 – Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today announced it has entered into a definitive agreement to acquire EuroCCP, a leading pan-European equities clearing house. The transaction will bring together two companies that have long championed competition, open access and clearing interoperability in Europe. Additionally, Cboe's ownership of EuroCCP is expected to provide opportunity to pursue the development of equity derivatives trading and clearing capabilities in the region, subject to regulatory approvals.