Thu, Aug 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Commodities Exchanges more

NYSE Euronext fails to find takers for MCX stake

Posted on 08 March 2013

NYSE Euronext’s attempts to exit from Multi Commodity Exchange (MCX) on Thursday failed as Citigroup, the banker to the deal, failed to find takers for the stock at the specified price band, sources told ET.
NYSE Euronext, which operates New York Stock Exchange, hoped to raise around 250 crore by selling its entire 4.79% stake in MCX for 1,005.10-1,026.25 a share. However, buyers demanded a much lower price on concerns over the impact a newly introduced transaction tax on non-farm commodities could have on the exchange’s volumes………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 36545 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31