LSEG Completes Sale of Euroclear Stake to TCorp for €455 Million

The London Stock Exchange Group plc (LSEG) has finalized the sale of its 4.92% stake in Euroclear's share capital to TCorp, the financial services arm of the New South Wales government. The transaction, valued at €455 million, marks a significant development for both parties involved.

LSEG was advised by J.P. Morgan and BNP Paribas on the transaction. The sale is part of LSEG's ongoing portfolio management strategy, aligning with its broader business objectives.

TCorp's Chief Investment Officer, Stewart Brentnall, expressed enthusiasm for the acquisition, stating, "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, welcomed TCorp as a shareholder, emphasizing the strategic fit. "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," Urbain said.