Boost for LSE/DB merger as Euronext agrees LCH SA buyout
The plans of London Stock Exchange Group and Deutsche Börse to pursue a merger of equals received a boost this week, as rival exchange Euronext agreed terms with the LSEG to buy its Paris clearing house business LCH SA in an all cash offer.
Euronext has offered €510m to LSEG and LCH Group for the LCH SA business. The deal is structured as a put option to be held by LSEG and LCH Group, which will be contingent on LSEG completing its proposed merger with Deutsche Börse.The LSEG and Deutsche Börse ...
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