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LSE agrees clearing house sale for Deutsche Boerse merger

Published January 3, 2017 Updated January 3, 2017 08:02am
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By Parvez Jabri
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imageLONDON: The London Stock Exchange said Tuesday it has agreed to offload the French arm of clearing house LCH to European rival Euronext as it seeks a merger with Deutsche Boerse.

LSE said a cash deal worth 510 million euros ($534 million) had been struck with Euronext, adding in a statement that the proposed sale "would be subject to review and approval by the European Commission in connection with the recommended merger of LSEG and Deutsche Boerse".

Copyright AFP (Agence France-Press), 2017

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