Tuesday, January 3, 2017

LSE to sell French clearing arm to ease Deutsche Börse merger

Company aims to see off European commission’s anti-trust concerns over proposed £21bn deal

The London Stock Exchange Group is to sell its 50% stake in the French clearing arm of LCH to Euronext in a €510m (£433m) deal.

LSE Group has sold its stake in LCH SA to the European Exchanges operator in a move to try to see off anti-trust concerns raised by the European commission over its proposed £21bn mega-merger with Deutsche Börse.

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from Mergers and acquisitions | The Guardian http://ift.tt/2iK7Lsz

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