Deutsche Börse Issues Update on Potential Sale of LCH.Clearnet

Deutsche Börse today issued an update on the potential sale of LCH.Clearnet.

The Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term has announced that further to its previous announcement of 28 September 2016 that the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term Group (LSEG) and LCH.Clearnet Group Limited (LCH Group) are exploring the sale of LCH.Clearnet, LCH Group’s French-regulated operating subsidiary, in order to proactively address anti-trust concerns raised by the European Commission in relation to certain businesses, the two parties have confirmed that they have entered into exclusive discussions with Euronext.

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Transaction Not Yet Confirmed

As yet, there is no certainty that this will lead to any transaction or relating to the terms upon which any transaction might proceed.

Any potential sale of LCH.Clearnet will be subject to review and approval by the European Commission in connection with the recommended merger of DBAG and LSEG which was announced on 16 March 2016 and other customary conditions including relevant regulatory approvals.

Dependent on Merger

It will also be conditional on the successful closing of the merger in which 75 percent of Deutsche Börse shares have already been tendered, as reported by Finance Magnates back in August, bringing the parties one step closer to a landmark merger under the offer of HLDCO123 PLC.

Deutsche Börse has impressed that today's announcement is neither an offer to purchase, exchange or sell, nor a solicitation of an offer to purchase, exchange or sell shares.