Paris
20 December 2016
Reporter: Drew Nicol

Euronext eyes LCH acquisition


Euronext is in exclusive talks to acquire LCH.Clearnet SA from the London Stock Exchange Group (LSEG).

LCH.Clearnet SA, the French arm of LCH.Clearnet Group, was opened up to bidders in September following the EU Commission’s suggestion that selling off LSEG's majority stake in the subsidiary would address anti-trust concerns relating to its own merger with Deutsche Börse.

“At this stage, there is no certainty that these discussions will lead to a transaction, or to the terms on which a transaction, if any, might be agreed,” explained Euronext in a statement on the talks.

The sale would be provisional on the successful merger of LSEG and Deutsche Börse.

Further details are expected to be released in due course.

More Industry news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Volante and Open Vector partner
16 November 2017 | New York | Reporter: Jenna Lomax
Open Vector open banking strategy will be combined with Volante’s VolPay Channel
AFME urges integrated post-trading system in EU
15 November 2017 | Brussels | Reporter: Theo Andrew
Responding on the final day of the commission’s public consultation on post trade in the Capital Markets Union, AFME urged for the “swift dismantling of the European Post-Trade Forum barriers”
Asset managers concerned about reliance on manual processes, says Confluence
15 November 2017 | Pittsburgh | Reporter: Jenna Lomax
In a recent Confluence report, 22 percent of asset managers said the reliance on manual processes was the biggest back-office challenge they faced
Another mandate win for Wolters Kluwer
08 November 2017 | Luxembourg | Reporter: Stephanie Palmer
China Everbrite Bank has selected Wolters Kluwer’s OneSumX solution to provide regulatory reporting services for its Luxembourg subsidiary CEB (Europe)
“No greater threat” than cyber, says SIFMA
02 November 2017 | Washington DC | Reporter: Stephanie Palmer-Derrien
Cybercrime poses a serious threat to financial stability, according to Kenneth Bentsen, president and CEO of the Securities Industry and Financial Markets Association
BoE raises interest rates, to mixed industry opinion
02 November 2017 | London | Reporter: Stephanie Palmer-Derrien
The Bank of England has increased its interest rates for the first time since 2007, increasing from 0.25 percent to 0.5 percent
BNP Paribas posts positive Q3 results
31 October 2017 | London | Reporter: Theo Andrew
According to BNP Paribas, this can be partially attributed to the “ramping up of new mandates” and the launch of a triparty collateral management offering
More Industry news