COMPANIES A consortium of investment banks and inter-dealer broker Icap are in discussions about making an offer for LCH.Clearnet, Europe’s largest clearer, in a move aimed at breaking up a deal that would see the London-based clearer sold to a US clearing group.
Icap shares dropped 13p, or 5 per cent, to 223p on Monday after it confirmed that it was “an equal member of a consortium of leading financial institutions that is collectively considering a possible cash offer for LCH.” The consortium includes 10 or more members.
