NEW YORK—NYSE Euronext said Friday it agreed to buy a 5 percent stake in Indian commodity marketplace Multi Commodity Exchange for undisclosed terms.
MCX, founded in 2003, is a commodity exchange for the trading of precious metals, ferrous and nonferrous metals, energy, agriculture and industrial commodities.
The company said the proposed purchase is its first in the Asia Pacific region and is expected to close in the first half of the year, subject to regulatory approvals.
Current MCX shareholders include State Bank of India, National Bank for Agriculture and Rural Development, National Stock Exchange of India Ltd. as well as Citibank and Merrill Lynch.
NYSE Euronext owns the New York Stock Exchange, Euronext, Liffe and NYSE Arca Options.
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