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London Stock Exchange Group Plc ("LSEG") and LCH.Clearnet Group Limited ("LCH.Clearnet") note the announcement by the Office of Fair Trading ("OFT") released today, stating that the proposed acquisition by LSEG of a majority stake in LCH.Clearnet has been cleared unconditionally.
LSEG and LCH.Clearnet confirm that they have received approval from the Portuguese competition authority (Autoridade da Concorrência) this week.
The transaction remains subject to other outstanding conditions including approval from the Financial Services Authority.
Further to the announcement on 28 September 2012, LSEG and LCH.Clearnet remain in discussions regarding the implications of the new recommendations from the European Securities and Markets Authority and the European Banking Authority and potential changes to the commercial terms of the transaction.
Further announcements will be made as necessary in due course.
