NYSE Euronext against LCH.Clearnet takeover by consortium

05/28/2009 | Financial Times (free content)

NYSE Euronext, which has a 5% stake in LCH.Clearnet, opposes a bid for the biggest independent clearinghouse in Europe by a consortium of banks and interdealer broker Icap. "The bottom line is we would prefer a more balanced ownership of LCH.Clearnet. We certainly wouldn't prefer a narrow consortium," said Garry Jones, head of global derivatives at NYSE Liffe, the futures arm of NYSE Euronext.

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