June 26, 2023

LCH Group to acquire Euronext’s stake in LCH SA, assuming full ownership of the CCP

LSEG (London Stock Exchange Group) announces that through its majority ownership of LCH Group it has agreed to acquire Euronext N.V’s (Euronext) 11.1% stake in LCH SA, the French subsidiary of LCH Group for a total cash consideration of EUR 111 million (the Transaction). Completion of the Transaction will see LCH Group take full ownership of LCH SA. The Transaction is being funded from existing cash resources and is expected to close in early July 2023.

LCH SA is a leading clearer of repo transactions and credit derivatives in the Eurozone and a leading provider of equity clearing services to European trading venues. The Transaction demonstrates the strategic importance of LCH SA to LCH Group and LSEG, and the commitment to the development of LCH SA. Following consolidation of its ownership, LCH Group plans to further accelerate the introduction of new products and services to customers through LCH SA.

Societe Generale is acting as sole financial adviser to LSEG in relation to the transaction.

Contacts

LSEG Press Office

Rhiannon Davies / Harriet Leatherbarrow
+44 (0)20 7797 1222 newsroom@lseg.com

Investor Relations

Peregrine Riviere / Chris Turner ir@lseg.com

www.lseg.com

 

About LSEG

LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.

With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. 

LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.