News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Ice to buy Brazilian clearing house stake

ICE will buy the shares from private-equity firm Advent International and Brazilian bank Itau Unibanco.

IntercontinentalExchange Thursday said a subsidiary will pay about $512m to acquire a 12% interest in Brazilian clearing-house operator Cetip from two other holders.

The move comes after ICE and Nasdaq OMX in May withdrew their $11bn proposal to acquire NYSE Euronext after the US Justice Department suggested the deal wouldn't clear antitrust hurdles.

WSJ Logo