LONDON (dpa-AFX) - London Stock Exchange Group (LSE.L) noted the European Commission's announcement confirming the commencement of Phase II proceedings in connection with its review of proposed merger with Deutsche Börse AG (DBOEY.PK, DBOEF.PK).
London Stock Exchange confirmed that LSEG and LCH Group Limited intend to explore a potential sale of LCH SA, LCH Group Limited's French-regulated operating subsidiary, In order to enable LSEG to address proactively anti-trust concerns raised by the European Commission in relation to certain businesses.
Any potential sale of LCH SA would be subject to the review and approval by the European Commission in connection with the recommended merger of LSEG and Deutsche Börse AG which was announced on 16 March 2016 and other customary conditions including relevant regulatory approvals. It would also be conditional on the successful closing of the Merger.
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