London Stock Exchange to Acquire Stake in Euroclear
Posted on 01/30/2019
The London Stock Exchange Group plans to acquire a 4.92% stake in Brussels-based Euroclear, Europe’s largest settlement house for securities, for €278.5 million. Post-deal, London Stock Exchange Group would be able to send a board member to Euroclear’s board.
“LSEG’s minority investment is expected to strengthen LSEG and Euroclear’s existing operational and commercial relationship and provide further opportunities,” London Stock Exchange said in a statement.
Clearstream is a competitor to Euroclear. Clearstream is owned by Deutsche Boerse.