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Euronext: signs agreement with LCH SA.

(CercleFinance.com) - Euronext has announced that it has renewed its agreement with LCH SA on the provision of derivatives and commodity clearing services for a period of ten years, in accordance with the announcement made on 8 August.

The agreement entails an exchange of Euronext's current 2.3% stake in LCH Group, against an 11.1% stake in LCH SA. Subject to a regulatory review, this deal is set to be finalised in the next few months.

The pan-European stockmarket operator will keep a place on LCH SA's board of directors. It will appoint a representative to the audit committee and will still be represented on the risk committee. An advisory committee dedicated to Euronext's derivatives business will be created.

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