LSE favoured by LCH.Clearnet 27 September 2011London Reporter: Anna Reitman
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LCH.Clearnet selected the London Stock Exchange's majority bid over Markit, according to the Financial Times.
The deal still needs to be approved by LCH.Clearnet's board and is valued at some €1bn, the FT added.
The takeover comes at a time of increasing competition across Europe in the post-trade services business amid a wave of exchange consolidations and regulatory uncertainty.
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