LONDON (Reuters) – European stock and bond settlement house Euroclear said it was halting all work on whether it should float or find other ways to enable its shareholders sell stakes.
Euroclear has been looking at ways to make it easier for many shareholders which own small stakes in the company to sell out, either by a stock market listing for the company or a placement scheme.
“Given the current uncertain environment, the board has decided to stop all work on a tentative liquidity initiative, and wait until economic activity and market stability has been restored in a sustained way to consider the matter again,” Euroclear said in a statement on Friday.
(Reporting by Huw Jones. Editing by Jane Merriman)
