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London Stock Exchange Group To Increase Its Majority Shareholding In LCH Group


Friday, 19 Oct 2018 

Oct 19 (Reuters) - London Stock Exchange Group PLC ::LONDONSTOCKEXGROUP - ACQUISITION.LONDON STOCK EXCHANGE GROUP PLC - LONDON STOCK EXCHANGE GROUP TO INCREASE ITS MAJORITY SHAREHOLDING IN LCH GROUP.LONDON STOCK EXCHANGE GROUP PLC - AGREEMENTS WITH CERTAIN MINORITY SHAREHOLDERS OF LCH TO ACQUIRE UP TO A FURTHER 15.1% OF LCH'S SHARE CAPITAL.LONDON STOCK EXCHANGE GROUP PLC - TOTAL CASH CONSIDERATION PAYABLE BY LSEG WILL BE UP TO A MAXIMUM OF EUR 438M (£384M)*.LONDON STOCK EXCHANGE GROUP PLC - ACQUISITIONS WILL BE FUNDED FROM CASH AND EXISTING DEBT FACILITIES AT CLOSING.LONDON STOCK EXCHANGE GROUP PLC - DEAL WILL BE ACCRETIVE TO EARNINGS FOLLOWING COMPLETION.LONDON STOCK EXCHANGE GROUP PLC - ACQUISITIONS ARE EXPECTED TO CLOSE BEFORE END OF 2018.