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Euronext Wants to Buy LCH Clearnet for $531 Million

January 4, 2017 by Eugene Grygo

Exchanges conglomerate Euronext is making an “irrevocable all-cash offer” to acquire all of LCH.Clearnet Group Ltd., a central counterparty clearinghouse (CCP), from the London Stock Exchange Group (LSEG) for €510 million ($531.3 million) in an effort to achieve pre-tax operating “cost synergies of €13 million ($13.5 million) and additional opportunities for revenue synergies,” according to… Read More >>

Filed Under: Derivatives Operations, Securities Operations, Clearing, Industry News, Mergers & Acquisitions, Industry News Tagged With: Clearnet CCP, derivatives clearing, Euronext, LCH.Clearnet, London Stock Exchange Group (LSEG)

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