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BNP Paribas Fortis sells 2% stake in Euronext

Reuters
·1-min read
FILE PHOTO: FILE PHOTO: A BNP Paribas logo is seen outside a bank office in Paris

PARIS (Reuters) - BNP Paribas Fortis said on Friday it sold a 2% stake in pan-European financial markets operator Euronext for 220 million euros ($259.09 million).

The Belgian bank sold 2.2 million Euronext shares at 101 euros each in an accelerated book-build offering to institutional investors, the statement said.

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

By 0900 GMT, Euronext shares were down by around 2.8%, underperforming the SBF 120 index which was up 1.06%.

($1 = 0.8491 euros)

(Reporting by Dominique Vidalon; Editing by Benoit Van Overstraeten)