LSE and LCH.Clearnet - "no certainty"
28 September 2011 London
Image: Shutterstock
The London Stock Exchange (LSE) and LCH.Clearnet have announced exclusive talks towards a potential merger.
"Work is focused and on-going, with a view to moving towards an agreement, though at this stage there can be no certainty that any transaction will result," the LSE wrote.
LCH.Clearnet confirmed exclusive discussions, but reiterated that "there can be no certainty that the discussions will result in any transaction".
The LSE's majority bid for the clearing house is being closely watched by the market amid a wave of attempted mergers being heavily scrutinised by regulators.
"Work is focused and on-going, with a view to moving towards an agreement, though at this stage there can be no certainty that any transaction will result," the LSE wrote.
LCH.Clearnet confirmed exclusive discussions, but reiterated that "there can be no certainty that the discussions will result in any transaction".
The LSE's majority bid for the clearing house is being closely watched by the market amid a wave of attempted mergers being heavily scrutinised by regulators.
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