LSE offers to hive off clearing in bid to win EU approval for merger



The London Stock Exchange Group said it could hive off the French half of its LCH.Clearnet arm in a bid to ease European Union concerns about exchange's planned merger with Deutsche Boerse.
LCH.Clearnet is already one of the world's largest clearing houses for shares and derivatives, and the EU's competition unit said on Wednesday it was concerned over what would happen to competition if it was allowed to combine with Deutsche Boerse's Eurex clearing arm.
The London Stock Exchange said it wanted to "address proactively" the anti-trust concerns raised by the European Commission.... read more

 
28 September 2016 in World News, Views: 33
Source: Reuters
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