Euronext €530 million acquisition of LCH.Clearnet Group

Overview:

• Euronext made a €530 million all-cash offer to acquire LCH.Clearnet from the London Stock Exchange (LSE).
• Euronext is a pan-European exchange operating in the Eurozone.
• LCH.Clearnet is a multi-asset class clearing house which serves major exchanges and is the French-regulated subsidiary of the LCH Group, which is 57% owned by the LSE.
• The acquisition will strengthen long-term control of clearing activities for Euronext’s markets and improve business diversification. 
• The transaction is subject to Euronext shareholder approval and closing of the merger between Deutsche Börse and LSE.

Anna Kozakova - Journalist