# Euronext to sell 11.1% stake in LCH SA to LCH Group
Published: 2023-06-26
Category: News
Category URL: https://tradingherald.com/category/news/
Meta Title: Euronext announces sale of 11.1% stake in LCH SA to LCH
Meta Description: Euronext to divest $121.1 million investment in LCH SA to LCH Group Holdings, resulting in a tax-exempt non-underlying capital gain.
URL: https://tradingherald.com/euronext-to-sell-11-1-stake-in-lch-sa-to-lch-group/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsox2m002hwirg5vexoy7l/images/2023-06-26t055706z1lynxmpej5p04trtroptp4health-coronavirus-france-1737039214136-compressed.jpg)

## Euronext to sell 11.1% stake in LCH SA to LCH Group

PARIS (Reuters) -European stock market operator Euronext said on Monday it had agreed to sell its 11.1% stake in the European operations of clearing company LCH SA to LCH Group Holdings, for 111 million euros ($121.1 million).

The Amsterdam and Paris-based platform said in a statement that the transaction will lead to a 40 million euro tax-exempt non-underlying capital gain in the company’s third-quarter results.

Euronext entered LCH SA’s capital in 2017, exchanging a 2.3% stake in LCH Group for an 11.1% share in LCH SA.

“The price has been defined by an independent expert, in accordance with the pre-agreed terms for the buy back”, Euronext added.

($1 = 0.9168 euros)

(Reporting by Sudip Kar-Gupta and Victor Goury-Laffont; Editing by Kim Coghill and Louise Heavens)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---