LSEG Sells 4.92% Stake in Euroclear

 TCorp and Euroclear announce that TCorp has acquired a 4.92% interest in Euroclear Holding SA/NV from London Stock Exchange Group (LSEG).

The total value of TCorp’s investment in Euroclear – a Belgium-based global financial market infrastructure company – is €455 million ($AUD752 million).

Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities, derivatives and investment funds, as well as collateral management services. Euroclear serves around 2,400 financial institutions, which use its platform to access 50 different markets and settle transactions in 45 currencies. On their behalf, the group holds approximately €40 trillion of assets under custody and enabled 299 million netted transactions in 2023, worth an equivalent of €1,072 trillion.

TCorp is the investment and financial management partner of the New South Wales (NSW) public sector. It is a top 10 Australian investment manager, with $115 billion in assets under management.

TCorp’s Chief Investment Officer, Stewart Brentnall, said: “Euroclear is a foundational component of the world’s financial market infrastructure. This is a rare investment opportunity offering resilient returns and growth as well as portfolio diversity to our clients. We look forward to working with the board and management of Euroclear.’’

Valérie Urbain, Chief Executive Officer of Euroclear, commented: “We are delighted to welcome TCorp as a new shareholder. It is a sophisticated global investor with a long-term investment horizon and anchored in the APAC region. This aligns well to our strategic vision of long-term value creation through providing more liquid and stable markets for Europe and beyond.”

Francesco Vanni d’Archirafi, Chairman of Euroclear, added: “This is another important step in our transition from a user-owned model to one more oriented towards client centricity and long-term shareholder value creation. The Board and management team look forward to working closely with TCorp over the coming years.”

Source: Euroclear