The Office of Fair Trading has approved the London Stock Exchange Group to acquire a majority stake in LCH.Clearnet, the derivatives trading house.
Both LSEG and LCH.Clearnet have also received approval from the Portuguese Competition Authority for the acquisition.
The transaction remains subject to other outstanding conditions including approval from the Financial Services Authority.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Further to the announcement on September 28, LSEG and LCH.Clearnet remain in discussions regarding the implications of the new recommendations from the European Securities and Markets Authority and the European Banking Authority and potential changes to the commercial terms of the transaction.
At 12:44 shares of LSE are rising by 3.07% to 1,041p.
MF
-
Three funds to consider as UK small caps trade at 30% discountUK small caps have been unloved for some time, but a shifting economic environment could give them a boost
-
How much more you would need to save if UK state pension age hit 70Denmark is raising its retirement age to the highest in Europe – could the UK follow suit?
