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01/09/2017

Euronext acquires stake in LCH France

On 8 August 2017, Euronext and LCH announced that they have signed binding terms for a 10-year clearing deal they expect to complete in the fourth quarter of this year.

On 8 August 2017, Euronext and LCH announced that they have signed binding terms for a 10-year clearing deal they expect to complete in the fourth quarter of this year.

Under the new agreement, Euronext will swap its current 2.3% stake in LCH Group for an 11.1% stake in LCH SA, subject to regulatory approvals. Euronext and LCH SA say they will also work together to achieve a targeted range of reduction in clearing fees of 5% to 15% with effect from January 2019, depending on each specific product and service.