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NEW YORK/LONDON (Reuters) – IntercontinentalExchange agreed an $8 billion deal to buy New York Stock Exchange owner NYSE Euronext on Thursday, propelling the commodities player into European financial futures and helping it to take on arch rival CME Group.

Atlanta-based ICE will look at selling Euronext, NYSE’s European stock market businesses, in an initial public offering after the deal closes in the second half of next year.

read more: IntercontinentalExchange buys NYSE Euronext for $8 billion