BNP Paribas Fortis sells 2% of the capital of Euronext By Reuters

© Reuters. FILE PHOTO: A BNP Paribas logo is visible outside a bank office in Paris, France, August 6, 2018. REUTERS / Regis Duvignau / File Photo

PARIS (Reuters) – BNP Paribas (PA 🙂 Fortis announced on Friday that it had sold a 2% stake in pan-European financial market operator Euronext for € 220 million ($ 259.09 million).

The Belgian bank sold 2.2 million Euronext shares at 101 euros each as part of an accelerated book-build offer to institutional investors, according to the press release.

The sale price represents a discount of around 4% from Thursday’s closing price of 105.30 euros.

At 09:00 GMT, Euronext stock was down around 2.8%, underperforming the SBF 120 index which was up 1.06%.

($ 1 = € 0.8491)

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