LCH.Clearnet is looking to buy-out its shareholders and move towards a user-owned operation, according to industry insiders.
The buy-out is set to counter a bid from the London Stock Exchange, Icap, and a group of eight banks, expected to be received next week.
Europes largest clearing house has also received a EUR10 per share offer from The Depository Trust & Clearing Corporation (DTCC). The in-house proposal is expected to better this offer.
If the buy-out is successful and independence is achieved, then the approximately 120 current shareholders would be invited to buy back their shares.
LCH.Clearnet is owned 73.3% by users, 10.9% by exchanges and 15.8% by Euroclear.
LCH.Clearnet declined to comment.