Finance
LSEG completes divestment of stake in Euroclear Holding for $478 million
Published by Global Banking & Finance Review®
Posted on December 12, 2024
1 min readLast updated: January 27, 2026
Quick Summary
LSEG has completed the sale of its 4.92% stake in Euroclear to TCorp for $478 million, marking a significant financial move.
LSEG Finalizes $478M Euroclear Stake Sale to TCorp
(Reuters) - The London Stock Exchange Group on Thursday said it had completed the divestment of its 4.92% stake in Belgium-based financial services provider Euroclear for 455 million euros($478.89 million).
It sold the stake to TCorp, the financial services partner to the New South Wales government, LSEG said in a statement.
LSEG had bought the stake for about 241.9 million pounds ($308.93 million) in 2019.
Thomson Reuters, the parent company of Reuters, holds a minority stake in LSEG, which is Reuters’ largest news service client.
($1 = 0.9501 euros)
($1 = 0.7830 pounds)
(Reporting by Chandini Monnappa in Bengaluru; Editing by Janane Venkatraman)
Key Takeaways
- •LSEG sold its 4.92% stake in Euroclear for $478 million.
- •The stake was sold to TCorp, a partner of the New South Wales government.
- •LSEG had originally purchased the stake for $308.93 million in 2019.
- •Thomson Reuters holds a minority stake in LSEG.
- •The transaction reflects LSEG's strategic financial adjustments.
Frequently Asked Questions about LSEG completes divestment of stake in Euroclear Holding for $478 million
1What is the main topic?
The main topic is LSEG's divestment of its stake in Euroclear to TCorp for $478 million.
2Who purchased the Euroclear stake?
The Euroclear stake was purchased by TCorp, the financial services partner to the New South Wales government.
3How much did LSEG originally pay for the stake?
LSEG originally purchased the stake for about $308.93 million in 2019.
