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The London Stock Exchange has agreed terms with certain minority shareholders for increasing its controlling stake in LCH Group Holdings Limited, the global multi-asset clearing house, according to an official statement.
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Under the terms of the agreement, the LSEG will pay undisclosed sum to raise its stake in LCH up to a maximum of 6.8 percent. Back in 2013, the London exchange increased its ownership stake in LCH.Clearnet from 2 percent to 57 percent.
The LSEG said that all ... (read more)