"The partnership with ICE is a significant step and provides the best outcome for shareholders, members and participants of the exchange. Gasunie is very happy to partner with ICE based on its role as a leading provider and trading platform for global commodity markets and its world-class technology and clearing capabilities. Gasunie and ICE share a commitment to further develop a liquid, transparent and secure gas market for customers in Europe and around the world. This is a positive development for traders, suppliers and consumers in the gas market," said Paul van Gelder, CEO of Gasunie.
The transaction is subject to regulatory approvals and certain closing conditions. Societe Generale Corporate & Investment Banking advised ICE on the transaction and Shearman & Sterling LLP and Loyens & Loeff N.V. served as ICE's legal advisors.
Notes to Editor
(1) Nothing in this announcement is intended to be a profit forecast and the statements in this press release should not be interpreted to mean that the earnings per share of IntercontintentalExchange common stock for the current or future financial periods will necessarily be greater or lower than those for the relevant preceding financial period
IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across
. ICE serves customers in more than 70 countries.
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Gasunie is a European gas infrastructure company. Gasunie's network ranks among the largest high pressure gas pipeline grids in
, consisting of over 15,000 kilometers of pipeline in
, dozens of installations and approximately 1,300 gas receiving stations. The annual gas throughput totals approximately 127 billion cubic meters. Gasunie offers transport services via its subsidiaries Gas Transport Services B.V. (GTS) in
and Gasunie Deutschland in
. The company also offers other services in the gas infrastructure field, including gas storage and LNG.