According to information obtained by News, the London Stock Exchange Group (LSEG) has recruited JP Morgan bankers in order to sell its little less than 5% stake in Euroclear.
A sale would undo the 2019 acquisition of LSEG’s stake in the position, which it paid just under £242 million for.
Euroclear, which is estimated to be worth about £10 billion, is crucial to the settlement of international financial markets.
A number of banks have sold their positions in the business in recent years, and companies including technology-focused buyout firm SilverLake have expressed interest in acquiring shareholdings.
At LSEG, the sale would be a further phase in the company’s asset portfolio restructuring led by CEO David Schwimmer.
“Both LSEG and Euroclear share the same open access philosophy and a customer partnership approach, which is central to our businesses,” stated Mr. Schwimmer at the time the company bought the Euroclear shareholding.
“Together, we and Euroclear will continue to push innovation and efficiency for the good of our clients and the industry at large.
