LCH.Clearnet announces share repurchase
Clearing house LCH Clearnet has reached agreement in principle regarding the repurchase of the majority of the shares held by its largest shareholder, Euronext, a European cross-border exchange.
LCH.Clearnet will then repurchase 26,183,362 of its ordinary shares held by Euronext, at €10 per share, the value at which the shares were issued at the time of the LCH/Clearnet merger in 2003.
Euronext will retain a 5% holding in the outstanding shares of LCH.Clearnet
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