LSE's Schwimmer Makes Dealmaking Debut With Euroclear Stake
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London Stock Exchange Group Plc unveiled the first deal under its new leadership, agreeing to take a minority stake in settlement giant Euroclear Holding SA/NV.
The purchase of a 4.92 percent stake marks the LSE’s first external acquisition since David Schwimmer started as chief executive officer in August. It gives the London bourse a board seat alongside U.S. rival Intercontinental Exchange Inc., which has built a 10 percent stake in Euroclear over the past two years.