OFT approves LSE Group acquisition of LCH.Clearnet

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.

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