Euronext has formally announced that it is in exclusive talks with London Stock Exchange Group plc and LCH.Clearnet Group Limited in relation to a potential acquisition of LCH.Clearnet SA, a subsidiary of LCH.Clearnet Group.
A further announcement will be made in due course.
It is less than a week since Euronext said it had completed the acquisition of a 20% equity stake in EuroCCP, for an amount of €13.4m, after having received regulatory approvals. This followed the announcement on August 17 of the signing of a definitive agreement with the existing shareholders of EuroCCP.
Euronext said this deal will enable it to offer user choice in clearing for the equity markets within the eurozone, through the implementation of a preferred CCP model followed by a fully interoperable service, which will be open to other CCPs in due course.