Source - RNS
RNS Number : 1081L
LCH.Clearnet Group Limited
28 September 2016
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

FOR IMMEDIATE RELEASE

28 September 2016

POTENTIAL SALE OF LCH SA

LCH Group Limited ("LCH Group") notes the European Commission's announcement confirming the commencement of Phase II proceedings in connection with its review of the recommended merger of London Stock Exchange Group Plc ("LSEG") and Deutsche Börse AG which was announced on 16 March 2016 (the "Merger"), and the subsequent announcement by LSEG regarding the potential sale of LCH SA issued earlier today.

LCH Group confirms that LCH Group and LSEG intend to explore a potential sale of LCH SA, LCH Group's French-regulated operating subsidiary, in order to enable LSEG to address proactively anti-trust concerns raised by the European Commission in relation to certain businesses.

Any potential sale of LCH SA would be subject to review and approval by the European Commission in connection with the Merger and other customary conditions including relevant regulatory approvals.  It would also be conditional on the successful closing of the Merger.

Enquiries:

London Stock Exchange Group plc

Gavin Sullivan / Lucie Holloway / Ramesh Chhabra (Press Office)

+44 20 7797 1222

Paul Froud (Investor Relations)

+44 20 7797 3322

Delphine Peyrat-Stricker (Image Sept)

 

+33 1 53 70 74 14

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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