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Screenshot of a breaking news alert e-mail from Q2 2017
LCH Group Limited has noted 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 (LON:LSE) and Deutsche Börse AG which was announced on 16 March 2016, and the subsequent announcement by LSEG regarding the potential sale of LCH SA issued yesterday.
LCH Group has confirmed 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.