Transatlantic duo seal groundbreaking £830m merger between Paris and London clearing houses
July 02, 2003 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) and Cleary Gottlieb Steen & Hamilton have closed the landmark £830m merger between the Paris and London clearing houses which will dramatically cut the cost of cross-border trading around Europe.
CC advised London Clearing House (LCH) and Cleary Gottlieb advised Clearnet – which is 80% owned by Euronext and 20% owned by Euroclear – on the deal that valued each of the parties at £415m.
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