London Stock Exchange Group plc (LSEG) announces that it has completed the divestment of its 4.92% stake in Euroclear’s share capital to TCorp, for a total consideration of €455 million.
TCorp is the financial services partner to the New South Wales government.
J.P. Morgan and BNP Paribas acted as advisors to LSEG on the transaction.
TCorp’s Chief Investment Officer, Stewart Brentnall, said:
“Euroclear is a foundational component of the world’s financial market infrastructure. This is a rare investment opportunity offering resilient returns and growth as well as portfolio diversity to our clients. We look forward to working with the board and management of Euroclear.’’
Valérie Urbain, Chief Executive Officer of Euroclear, commented:
“We are delighted to welcome TCorp as a new shareholder. It is a sophisticated global investor with a long-term investment horizon and anchored in the APAC region. This aligns well to our strategic vision of long-term value creation through providing more liquid and stable markets for Europe and beyond.”
