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LSE to buy stake in Euroclear for 278.5 million euros

LSE to buy stake in Euroclear for 278.5 million euros
Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls   -   Copyright  PETER NICHOLLS(Reuters)
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(Reuters) – London Stock Exchange Group Plc said on Wednesday it would buy a 4.92 percent stake in post-trade services provider Euroclear Holding for 278.5 million euros (243.35 million pounds).

The British exchange operator said the deal would add to its earnings and be funded with existing cash and debt facilities.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Saumyadeb Chakrabarty)

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