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

The exchange has announced that further to its previous announcement of 28 September 2016 that the London Stock Exchange 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.