Euronext announces the sale of its 11.1% stake in LCH SA to LCH Group Holdings Limited
26 Juni 2023 - 7:45AM
Euronext announces the sale of its 11.1% stake in LCH SA to LCH
Group Holdings Limited
Contacts
Media |
Contact Investor Relations |
Amsterdam |
+31 20 721
4133 |
Brussels |
+32 26 20 15
01 |
+33 1 70 48 24
27 |
Dublin |
+33 1 70 48 24
45 |
Lisbon |
+351 210 600
614 |
|
Milan |
+39 02 72 42 62
12 |
Oslo |
+47 41 69 59
10 |
|
Paris |
+33 1 70 48 24
45 |
|
|
|
Euronext announces the sale of its
11.1% stake in LCH SA to LCH Group
Holdings Limited
Amsterdam, Brussels, Dublin, Lisbon,
Milan, Oslo and Paris – 26 June
2023 – Euronext, the leading pan-European market
infrastructure, today announces it has entered into a definitive
agreement for the sale of its 11.1% stake in LCH SA to LCH Group
Holdings Limited (“LCH Group”), for an amount of €111 million. The
completion of the transaction is expected to occur in early July
2023. The relevant authorities have been notified.
As a result, in Q3 2023 Euronext will incur a
non-underlying capital gain of around €40 million, which will be
exempt from tax. As a reminder, as of 31 December 2022, Euronext
accounted a carrying amount of €70.6 million for its 11.1% stake in
LCH SA.
This transaction results from the notification
by LCH Group to Euronext of the exercise of its option to buy back
Euronext’s 11.1% stake in LCH SA, following the early termination
of the existing derivatives clearing agreement between Euronext and
LCH SA announced on 16 January 2023.
The price has been defined by an independent
expert, in accordance with the pre-agreed terms for the buy
back.
Euronext and LCH SA are committed to working
together to ensure an orderly migration of clearing flows from LCH
SA to Euronext Clearing.
CONTACT ANALYSTS & INVESTORS
– ir@euronext.com |
Aurélie Cohen |
+33 1
70 48 24 27 |
ir@euronext.com |
Clément Kubiak |
+33 1
70 48 26 33 |
ir@euronext.com |
CONTACTS MEDIA –
mediateam@euronext.com |
Europe |
Aurélie Cohen |
+33 1 70 48 24
45 |
mediateam@euronext.com |
|
|
|
Andrea
Monzani |
+39 02 72 42 62
13 |
|
|
|
Amsterdam |
Marianne Aalders |
+31 20 721 41
33 |
amsterdampressoffice@euronext.com |
|
|
Brussels |
Marianne Aalders |
+32 26 20 15
01 |
brusselspressoffice@euronext.com |
|
|
Dublin |
Sarah
Mound |
+33 1 70 48 24
45 |
dublinpressoffice@euronext.com |
|
|
Lisbon |
Sandra
Machado |
+351 210 600
614 |
lisbonpressoffice@euronext.com |
|
|
Milan, Rome |
Ester
Russom |
+39 02 72 42 67
56 |
italypressoffice@euronext.com |
|
|
Oslo |
Cathrine Lorvik Segerlund |
+47 41 69 59
10 |
CLSegerlund@euronext.com |
|
|
Paris,
Corporate |
Sarah
Mound |
+33 1 70 48 24
45 |
parispressoffice@euronext.com |
|
|
Corporate
Services |
Coralie Patri |
+33 7 88 34 27
44 |
parispressoffice@euronext.com |
|
|
About Euronext
Euronext is the leading pan-European market
infrastructure, connecting European economies to global capital
markets, to accelerate innovation and sustainable growth. It
operates regulated exchanges in Belgium, France, Ireland, Italy,
the Netherlands, Norway and Portugal. With close to 1,930 listed
equity issuers and around €6.8 trillion in market capitalisation as
of end March 2023, it has an unmatched blue chip franchise and a
strong diverse domestic and international client base. Euronext
operates regulated and transparent equity and derivatives markets,
one of Europe’s leading electronic fixed income trading markets and
is the largest centre for debt and funds listings in the world. Its
total product offering includes Equities, FX, Exchange Traded
Funds, Warrants & Certificates, Bonds, Derivatives, Commodities
and Indices. The Group provides a multi-asset clearing house
through Euronext Clearing, and custody and settlement services
through Euronext Securities central securities depositories in
Denmark, Italy, Norway and Portugal. Euronext also leverages its
expertise in running markets by providing technology and managed
services to third parties. In addition to its main regulated
market, it also operates a number of junior markets, simplifying
access to listing for SMEs.
For the latest news, go to euronext.com or
follow us on Twitter (twitter.com/euronext) and LinkedIn
(linkedin.com/euronext).
Disclaimer
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only: it is not a recommendation to engage in investment activities
and is provided “as is”, without representation or warranty of
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release speaks only as of this date. Euronext refers to Euronext
N.V. and its affiliates. Information regarding trademarks and
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www.euronext.com/terms-use.
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reserved.
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