INTERNATIONAL: European Commission Review Update on LSEG and Deutsche Borse AG Merger (Potential Sale of LCH SA)

Thursday September 29 2016

Deutsche Börse AG has issued a statement taking note of the European Commission’s announcement confirming the commencement of Phase II proceedings in connection with its review of the recommended merger of Deutsche Börse and London Stock Exchange Group (“LSEG”) which was announced on 16 March 2016.

LSEG has confirmed that in order to be able to address proactively anti-trust concerns raised by the European Commission in relation to certain businesses, LSEG and LCH Group Limited intend to explore a potential sale of LCH SA, LCH Group Limited’s French-regulated operating subsidiary.

Any potential sale of LCH SA would be subject to the review and approval by the European Commission in connection with the Merger and other customary conditions including relevant regulatory approvals. It would also be conditional on the successful closing of the Merger.

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