LCH.Clearnet is in talks with a consortium of banks and Icap, the inter-dealer broker, as well its own shareholders, about a proposal that would see the UK-based clearer buy out many shareholders at €11 ($16) a share and hand a possible controlling stake to the consortium. The development is the first sign in months that the ownership of LCH.Clearnet could be near resolution. The clearer for the LSE and Euronext since last year has been at the centre of a complex battle over what has become one of the world’s most prized post-trade businesses.

This entry was posted by Gwen Robinson on Friday, September 11th, 2009 at 4:31 and is filed under Capital markets, M&A. Tagged with icap, LCHClearnet. Edit this entry.