LSEG considering sale of LCH SA
29 September 2016 Brussels
Image: Shutterstock
London Stock Exchange Group (LSEG) is considering selling its stake in LCH SA, the French arm of LCH group, in response to anti-trust concerns from the European Commission.
The sale would only go ahead in the event of the successful merger between LSEG and Deutsche Börse, and will be subject to a review from the commission, as well as regulatory approval.
In an announcement confirming that phase two of its review of the merger, the EU Commission suggested that divestment of LCH SA, of which LSEG is the majority shareholder, could help to proactively address anti-trust concerns.
The merger of UK and German stock exchanges was first announced on 16 March and has received the backing of both exchanges’ shareholders.
The sale would only go ahead in the event of the successful merger between LSEG and Deutsche Börse, and will be subject to a review from the commission, as well as regulatory approval.
In an announcement confirming that phase two of its review of the merger, the EU Commission suggested that divestment of LCH SA, of which LSEG is the majority shareholder, could help to proactively address anti-trust concerns.
The merger of UK and German stock exchanges was first announced on 16 March and has received the backing of both exchanges’ shareholders.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
