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Euronext in exclusive talks to acquire LCH.Clearnet's French arm

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Euronext in exclusive talks to acquire LCH.Clearnet's French arm

Euronext NV entered into exclusive talks with London Stock Exchange Group Plc and LCH.Clearnet Group Ltd. regarding the potential acquisition of LCH.Clearnet Group's French-regulated clearing house business, LCH.Clearnet SA.

The parties noted that there can be no certainty that the exclusive talks will lead to any transaction. They added that any potential sale of LCH.Clearnet would be subject to the review and approval by the European Commission in connection with the planned merger between LSE and Deutsche Börse AG, as well as other customary conditions.

Such a sale would also be conditional on the successful closing of the LSE-Deutsche Börse merger, which is under review by the EC over competition concerns in clearing and derivatives and is set to get a final decision by March 6, 2017. LSE had said a sale of the clearing business would proactively address the EC's antitrust concerns.