Some of the existing owners are willing to offload up to 40% of the business in a sale or IPO, the people said. The company is also open to selling smaller stakes of about 5% to 15% at a time to individual bidders, they said.
(July 22): Buyout firm CVC Capital Partners and Singapore’s sovereign wealth fund GIC are among firms considering bids for a stake in the US$6.4 billion ($8.7 billion) European settlements giant Euroclear, according to people familiar with the matter.
The Brussels-based company, which counts London Stock Exchange Group as a shareholder, is planning to decide in the coming days whether to pursue a stake sale or an initial public offering of the business, the people said, asking not to be identified as the matter is private.
