London Stock Exchange Group plc (LSEG) announces that it has completed the divestment of its 4.92% stake in Euroclear’s share capital to TCorp, for a “total consideration of €455 million.”
TCorp is the financial services partner of the New South Wales government.
J.P. Morgan and BNP Paribas have reportedly acted as advisors to LSEG on the transaction.
As noted in the update, LSEG (London Stock Exchange Group) is a global financial markets infrastructure and data provider that plays a social and economic role in the world’s financial system.
With their open approach, “trusted” expertise, and global scale, they aim to enable the sustainable growth and “stability of their customers and their communities.”
They are said to be dedicated partners with extensive experience, “deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.”
LSEG is headquartered in the United Kingdom and has significant operations in over 60 countries “across EMEA, North America, Latin America, and Asia Pacific.”
They employ 25,000 people globally, more than half of whom are “located in Asia Pacific.” LSEG’s ticker symbol is LSEG.
As covered, Euroclear is a global financial market infrastructure (FMI) provider that offers services for “securities transactions, safekeeping, and risk management.”
Euroclear settles and clears securities trades for domestic and cross-border transactions, “including bonds, equities, derivatives, and investment funds.”
Euroclear is a custodian for major financial institutions “involved in European markets.” Its goal is to help clients manage the risks and exposures arising from transactions.
Euroclear states that it connects more than 2,000 financial markets and participants globally, operating within a highly regulated framework
