NYSE plans to offload wheat futures market

The exchange plans to spin off Matif to secure backing for its planned takeover by Ice

NYSE Euronext plans to spin off Europe's largest grain futures market as part of efforts to secure regulatory and political backing for its planned takeover by IntercontinentalExchange.

The Paris-based Matif wheat futures market would be included alongside the four European stock markets earmarked to be spun off as part of the ICE deal, according to a spokesman for NYSE Euronext.

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