LSEG’s LCH Group Expands Eurozone Market Presence through Euronext Stake Acquisition

LSEG’s LCH Group Expands Eurozone Market Presence through Euronext Stake Acquisition

(IN BRIEF) LCH Group, majority-owned by the London Stock Exchange Group (LSEG), has agreed to acquire Euronext’s 11.1% stake in LCH SA, the French subsidiary of LCH Group, for EUR 111 million. This transaction will grant LCH Group full ownership of LCH SA, a prominent clearer of repo transactions, credit derivatives, and equity clearing services in the Eurozone. The acquisition highlights the strategic importance of LCH SA to LCH Group and LSEG and their commitment to its development. LCH Group intends to introduce new products and services through LCH SA following the consolidation of ownership. The transaction is expected to be completed in early July 2023 and will be funded using existing cash resources.

(PRESS RELEASE) LONDON, 26-Jun-2023 — /EuropaWire/ — LSEG (London Stock Exchange Group), a leading provider of financial markets infrastructure, is pleased to announce that, through its majority ownership of LCH Group, it has reached an agreement to acquire Euronext N.V.’s (Euronext) 11.1% stake in LCH SA, the French subsidiary of LCH Group. The transaction, valued at EUR 111 million, will result in LCH Group becoming the sole owner of LCH SA. The purchase will be funded using existing cash resources, and the closing is anticipated to take place in early July 2023.

LCH SA holds a prominent position as a leading clearer of repo transactions and credit derivatives in the Eurozone. Additionally, it offers top-notch equity clearing services to European trading venues. This transaction underscores the strategic significance of LCH SA to LCH Group and LSEG, emphasizing their commitment to the advancement of LCH SA. With full ownership consolidated, LCH Group aims to expedite the introduction of new products and services to customers through LCH SA.

Societe Generale is acting as the exclusive financial advisor to LSEG for this transaction.

About London Stock Exchange Group:

London Stock Exchange Group (LSEG) is a leading provider of financial markets infrastructure, offering global data and analytics, news, and index products.

We support businesses and economies in funding innovation, managing risk, and creating job opportunities by assisting customers at every stage of the trade lifecycle, from pre-trade decisions to trade execution, capital raising, and settlement.

With 23,000 employees across 70 countries, we leverage 300 years of knowledge and experience to promote financial stability, empower economies, and foster sustainable growth.

Media & investor contacts:

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

Investor Relations

Peregrine Riviere / Chris Turner ir@lseg.com

SOURCE: LSEG