LSEG (London Stock Exchange Group) announces that through its majority ownership of LCH Group it has agreed to acquire Euronext N.V’s (Euronext) 11.1% stake in LCH SA, the French subsidiary of LCH Group for a total cash consideration of EUR 111 million (the Transaction). Completion of the Transaction will see LCH Group take full ownership of LCH SA. The Transaction is being funded from existing cash resources and is expected to close in early July 2023.
LCH SA is a leading clearer of repo transactions and credit derivatives in the Eurozone and a leading provider of equity clearing services to European trading venues. The Transaction demonstrates the strategic importance of LCH SA to LCH Group and LSEG, and the commitment to the development of LCH SA. Following consolidation of its ownership, LCH Group plans to further accelerate the introduction of new products and services to customers through LCH SA.
Societe Generale is acting as sole financial adviser to LSEG in relation to the transaction.
