Deutsche Boerse, LSE offer sale of French clearing house to ease merger

Berlin

STOCK exchange operators Deutsche Boerse and London Stock Exchange (LSE) said on Tuesday that they would offer to sell French clearing house LCH Clearnet as they push for regulatory approval of their planned merger.

The two firms, whose operations include the London and Frankfurt stock markets, "decided to formally submit the divestment of LCH Clearnet SA by LCH Clearnet Group as a remedy to the European Commission in order to address anti-trust concerns", they said in a statement.