NO 241 – MARCH 2013
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WFE Focus March 2013
Exchange consolidation news

Japan Exchange Group’s subsidiary and affiliate start discussions on merger

The Japan Securities Clearing Corporation, a subsidiary of Japan Exchange Group, and Japan Government Bond Clearing Corporation, an affiliate of JPX, decided to begin discussions on a merger. The purpose of this merger is to further enhance clearing functions and structure, including facilitating efficient operations and systems, and to strengthen the international competitiveness of the Japanese financial and capital market.

London Stock Exchange Group revises offer to acquire majority stake in LCH.Clearnet Group

The London Stock Exchange Group and LCH.Clearnet Group have reached an agreement on the terms of a revised recommended cash offer to be made by the London Stock Exchange for the LCH.Clearnet issued share capital. On completion of the acquisition, LSEG will become the majority owner of LCH.Clearnet, holding up to 57.8% of LCH.Clearnet’s issued share capital.