Paris
03 January 2017
Reporter: Drew Nicol
Euronext offer €510m for LSEG’s LCH.Clearnet SA
Euronext has placed an irrevocable all-cash offer for the London Stock Exchange Group’s (LSEG) majority stake in LCH.Clearnet SA, the French arm of LCH.Clearnet Group.

LSEG and and Euronext agreed a put option and a cash consideration of €510 million, on the condition that the ongoing merger between LSEG and Deutsche Börse is completed.

The sale of LCH.Clearnet SA was recommended by European Commission in order to address anti-trust concerns in relation to certain businesses and would be subject to review and approval by the commission.

The offer comes after Euronext first expressed an interest in the subsidiary in December.

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
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London | Reporter: Becky Butcher
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
R3 raises record funds for DLT development
24 May 2017 | London | Reporter: Stephanie Palmer
The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date
Promotions abound at Interstrust in Jersey
24 May 2017 | Jersey | Reporter: Stephanie Palmer
Intertrust in Jersey has made a spate of promotions, including elevating Sherin Sugeeswaran to the role of associate director in the fund services team
RSRCHXchange boosts research offering with data consumption partnership
23 May 2017 | London | Reporter: Stephanie Palmer
Institutional research marketplace RSRCHXchange has partnered with corporate access management solution provider CorpAxe in order to make research consumption data available to the buy side
Canadian securities regulator expands T+2 proposals
19 May 2017 | Toronto | Reporter: Drew Nicol
The Canadian Securities Administrators has released its final proposal for the transition of mutual funds and equity and long-term debt to T+2 on 5 September
Wolters Kluwer fills new strategy chief role
18 May 2017 | London | Reporter: Drew Nicol
Wolters Kluwer has hired Rajat Somany for the newly created role of global head of strategy, product and platform management for its finance, risk and reporting business
More Industry news