London Stock Exchange to Acquire Majority Stake in LCH.Clearnet
The London Stock Exchange Group (LSE) and LCH.Clearnet Group have announced an agreement on terms for a majority acquisition.
The cash offer, on completion, will see the LSE become a 60 percent owner of LCH.Clearnet's issued share capital, giving them a controlling stake in the company. LSE will pay up to a maximum consideration of €463 million ($613 million) for the shares, which will be funded using existing resources and bank facilities.
"The transaction will be transformative, delivering a
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