Euronext agrees sale of 11.1% stake in LCH SA to LCH Group for €111 million

Euronext announced it has entered into a definitive agreement for the sale of its 11.1% stake in LCH SA to LCH Group for an amount of €111 million ($120.9mn). The completion of the transaction is expected to occur in early July 2023.

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.


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