Euronext in talks to buy French LCH Clearnet operations

Image
Reuters FRANKFURT
Last Updated : Dec 20 2016 | 1:28 PM IST

FRANKFURT (Reuters) - Euronext is in exclusive talks to buy LCH Group's French-regulated operating subsidiary LCH.Clearnet SA, Deutsche Boerse said on Tuesday, a deal that may help pave the way to a combination of the Frankfurt and London Stock Exchanges.

Deutsche Boerse said that the talks are being held to address proactively anti-trust concerns raised by the European Commission in relation to a proposed combination between Boerse and the London Stock Exchange.

"There can be no certainty that this will lead to any transaction," Deutsche Boerse said, adding that any potential sale of LCH.Clearnet SA would be subject to the review and approval by the European Commission.

(Reporting by Edward Taylor, editing by John O'Donnell)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 20 2016 | 1:17 PM IST

Next Story