The UK Office of Fair Trading (OFT) has cleared the London Stock Exchanges acquisition of LCH.Clearnet.
LSEG and LCH.Clearnet confirm that they have received approval from the Portuguese competition authority (Autoridade da Concorrncia) this week.
The transaction remains subject to other outstanding conditions including approval from the Financial Services Authority.
Further to the announcement on Sept. 28 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 in due course.
(JDC)