LCH.Clearnet Group, the Anglo-French clearing house whose chief executive resigned last week, has received approval from a majority of its shareholders to buy back a €200m ($250m) stake in the clearing house from Euronext.

The buyback, which involves a 16.6% stake in LCH.Clearnet held by Euronext in the form of convertible preference shares, was reported by Financial News in February.

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LCH.Clearnet presses ahead with buyback

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