Further to the announcement by London Stock Exchange Group plc (LON:LSE) that LSEG and LCH Group Limited are exploring the sale of LCH SA, LCH Group’s French-regulated operating subsidiary, in order to enable LSEG to address proactively anti-trust concerns raised by the European Commission in relation to certain businesses, LSEG and LCH Group announce that they have entered into exclusive discussions with Euronext N.V..
There can be no certainty that this will lead to any transaction or as to the terms upon which any transaction might proceed.
Any potential sale of LCH SA would be subject to the review and approval by the European Commission in connection with the recommended merger of LSEG and Deutsche Börse AG and other customary conditions including relevant regulatory approvals.
It would also be conditional on the successful closing of the Merger.