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U.K./Spain: Spanish Regulators clear LS-Exchange/LCH.Clearnet deal

By  |  September 17, 2012
U.K./Spain: Spanish Regulators clear LS-Exchange/LCH.Clearnet deal

London Stock Exchange’s (LSE) acquisition plans to take a controlling stake of the clearing house, LCH.Clearnet (LCH), has been cleared by Spanish Regulators. This means it has passed one of three big regulatory hurdles. Securing LCH would give the LSE its own clearing-house as global regulators push for greater use of such clearing-houses to safeguard the financial system. The LSE is seeking to take a stake of up to 60 percent in LCH in a deal that implies a valuation of EUR 813 million for the Anglo-French group. 

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    Full Content: Financial Times

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