LSE selling clearing arm to Euronext to pave way for Deutsche Boerse merger
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LONDON Stock Exchange Group Plc agreed to sell its French clearing unit to Euronext NV for 510 million euros (S$767 million) in cash, putting it on course to end a 13-year combination that the company hopes will pacify competition watchdogs.
LCH Clearnet SA's sale requires Euronext shareholder and other approvals, according to a statement from Euronext on Tuesday. The deal may be completed by the end of the second quarter.
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