Euronext eyes LCH acquisition 20 December 2016Paris Reporter: Drew Nicol
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Euronext is in exclusive talks to acquire LCH.Clearnet SA from the London Stock Exchange Group (LSEG).
LCH.Clearnet SA, the French arm of LCH.Clearnet Group, was opened up to bidders in September following the EU Commission’s suggestion that selling off LSEG's majority stake in the subsidiary would address anti-trust concerns relating to its own merger with Deutsche Börse.
“At this stage, there is no certainty that these discussions will lead to a transaction, or to the terms on which a transaction, if any, might be agreed,” explained Euronext in a statement on the talks.
The sale would be provisional on the successful merger of LSEG and Deutsche Börse.
Further details are expected to be released in due course.
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