Euronext NV has commenced internal deliberationsregarding a potential bid for London Stock Exchange Group Plc's clearing housebusiness LCH SA, The Times reported, citing"City [of London] sources."
LSE recently announced plans toexplore a potential sale of the Paris-based clearing house after the EuropeanCommission opened an in-depth investigation into the group's with , particularlyrelating to competition concerns in clearing and derivatives.
Analysts have pegged LCH's valueat between €400 million and €500 million, the paper said. However, LSE couldsell the business at a lower price as it is forced to offload the business.
If Euronext fails to reach a dealto acquire LCH, the Netherlands-based firm could instead strengthen itspartnership with EuroCCP, in which it acquired a 20% stake in August, according to the Oct. 2report.