LSE confirms exclusive talks with LCH.Clearnet

The London Stock Exchange is believed to be ready to pay around €1bn for a majority stake in the London-based clearing house

The London Stock Exchange on Wednesday confirmed it is in exclusive talks with LCH.Clearnet regarding a possible transaction, responding to reports that it wants a majority stake of the London-based clearing house.

A takeover by the LSE would mean a victory for LSE chief executive Xavier Rolet, who failed in the summer to merge the LSE with Canadian exchange operator TMX Group.

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