London Stock Exchange to Acquire Majority Stake in LCH.Clearnet

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The LSE is set to acquire a 60 percent majority stake in LCH.Clearnet.

The London Stock Exchange Group (LSE) and LCH.Clearnet Group have announced an agreement on terms for a majority acquisition.

The cash offer, on completion, will see the LSE become a 60 percent owner of LCH.Clearnet's issued share capital, giving them a controlling stake in the company. LSE will pay up to a maximum consideration of €463 million ($613 million) for the shares, which will be funded using existing resources and bank facilities.

"The transaction will be transformative, delivering a

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