NYSE Euronext (NYSE Euronext: NYX) and Borsa Italiana have signed an agreement regarding MBE Holding, their joint venture that owns 60.37% of Società per il Mercato dei Titoli di Stato S.p.A. (“MTS”), and MTSNext. Under the terms of the agreement, NYSE Euronext’s 51% stake in MBE Holding and 33% stake in MTSNext are valued at €100 million (dividend attached).
The agreement follows the exercise of Borsa Italiana’s call option right to purchase all the shares held by Euronext N.V., a subsidiary of NYSE Euronext, in MBE Holding and MTSNext. The call option right was triggered due to the change of control of Euronext N.V. resulting from its combination with NYSE Group, Inc.
The closing of the transaction is expected by mid-September 2007.
