CME Group denies private sale plans, Nasdaq Carlyle talks die


wall-street-stock-market_sqThe chief executive of futures and options exchange giant CME Group has denied the business has plans to go private, a day after it emerged Nasdaq had discussed a similar move with buyout firm Carlyle.

Talks were initiated by the private equity firm and were in the early stages of due-diligence before Nasdaq OMX Group ended talks due to disagreements over price, Reuters reported.

CME Group’s Phupinder Gill revealed yesterday at a Credit Suisse conference that the exchange he leads would not be going private any times soon as there was no advantage to doing so.

Last week Russia’s largest stock exchange MICEX-RTS, which is backed by investors including Cartesian Capital, Blackrock and the Russian Direct Investment Fund (RDIF), set a price range of RUB55 ($1.83) to RUB63 ($2.10) for an imminent listing on its own platform.

The news follows reports two weeks ago that MICEX-RTS shareholders are expected to sell shares worth at least $500m.

The exchange is valued at between $4.2bn and $6.5bn by the banks organising the IPO, the reports said.

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