Euronext announced this morning it had made an irrevocable cash offer to acquire the French central counterparty clearing house (CCP) LCH.Clearnet SA, the French arm of the LCH.Clearnet Group, 57% of which is currently owned by the London Stock Exchange Group (LSEG) while the other 43% is owned by a group of banks. Euronext will eventually acquire 100% of the French CCP. Based on this and the current price of €510m (versus €600-650m estimated previously), the deal is double-digit ac
03 Jan 2017
Definitely positive...
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Definitely positive...
Euronext NV (ENX:WBO) | 0 0 1.2% | Mkt Cap: 3,756m
- Published:
03 Jan 2017 -
Author:
Farhad Moshiri -
Pages:
3
Euronext announced this morning it had made an irrevocable cash offer to acquire the French central counterparty clearing house (CCP) LCH.Clearnet SA, the French arm of the LCH.Clearnet Group, 57% of which is currently owned by the London Stock Exchange Group (LSEG) while the other 43% is owned by a group of banks. Euronext will eventually acquire 100% of the French CCP. Based on this and the current price of €510m (versus €600-650m estimated previously), the deal is double-digit ac