LCH Group takes over Euronext’s 11.1-percent piece of its EU-based entity LCH SA, under a deal announced Monday.

After a previous partnership, for LCH to support the clearing at Euronext’s exchanges across Europe, Euronext has in recent years shifted to going it alone. Its Euronext Clearing enterprise is based on the capabilities of Italian clearinghouse CC&G, acquired by Euronext as part of the takeover of Borsa Italiana from the London Stock Exchange Group (which also owns LCH) in 2020–2021.

This Euronext press release lines out the divestment of its LCH SA holding.