Euronext remains committed in developing its Post Trade strategy, described in its Let’s Grow Together 2022 strategic plan. Euronext will continue to leverage its long term derivatives clearing agreement with, and its 11.1% equity stake in, LCH SA, and develop its two fully-owned CSDs in Norway and Portugal, as the foundation for further growth in Post Trade.
The transaction is expected to close in H1 2020, subject to receipt of required regulatory clearances and the arrangement of a supporting liquidity facility at the EuroCCP clearing entity level.
Euronext expects to receive net proceeds of approximately €9 million from the sale of its minority stake. As a result of this agreement, Euronext will impair the value of its participation by approximately €6 million in Q4 2019.