Íâ¹úÃÀŮɫÇéƬ Completes Acquisition of Trayport and Sale of NGX to Intercontinental Exchange
December 14, 2017 (TORONTO) – Íâ¹úÃÀŮɫÇéƬ Limited (Íâ¹úÃÀŮɫÇéƬ) today announced it has completed the acquisition of London-based Trayport Holdings Limited, and its U.S.-based affiliate, Trayport Inc. (collectively, Trayport), a world-leading provider of technology solutions for energy traders, brokers and exchanges from Intercontinental Exchange, Inc. (ICE) for £550 million / C$931 million in total consideration, including £350 million / C$592 million in cash (the Trayport Acquisition). The transaction was announced in October 2017.
In conjunction with the Trayport Acquisition, Íâ¹úÃÀŮɫÇéƬ has completed the sale of Natural Gas Exchange Inc. (NGX) and Shorcan Energy Brokers Inc. (Shorcan Energy) to ICE, at a combined value of £200 million / C$339 million. The sale of NGX and Shorcan Energy was used as partial consideration by Íâ¹úÃÀŮɫÇéƬ for the Trayport Acquisition.
The cash consideration for the Trayport Acquisition was satisfied from the net proceeds from the Íâ¹úÃÀŮɫÇéƬ debenture offering which closed on December 11, 2017, along with excess cash and borrowings under Íâ¹úÃÀŮɫÇéƬ's commercial paper program.
The UK Competition and Markets Authority has approved the sale of Trayport to Íâ¹úÃÀŮɫÇéƬ. The Commissioner of Competition has issued a "no action" letter in respect of the sale of NGX and Shorcan Energy to ICE.
About Íâ¹úÃÀŮɫÇéƬ (TSX: X)
Íâ¹úÃÀŮɫÇéƬ's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. , , , , , and other Íâ¹úÃÀŮɫÇéƬ companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. Íâ¹úÃÀŮɫÇéƬ is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Beijing and Singapore. For more information about Íâ¹úÃÀŮɫÇéƬ, visit our website at . Follow Íâ¹úÃÀŮɫÇéƬ on Twitter: .
For more information please contact:
Shane Quinn
Head of Communications and Public Affairs
Íâ¹úÃÀŮɫÇéƬ
416-947-4609
shane.quinn@tmx.com
Paul Malcolmson
Managing Director, Investor Relations
Íâ¹úÃÀŮɫÇéƬ
416‐947‐4317
paul.malcolmson@tmx.com