Risk.net

Euroclear buys Crest in all-share deal

The combined group will provide settlement services to equity and equity derivatives exchange Euronext, as well as the London and Irish Stock Exchanges.

“This is a giant step towards the delivery of an integrated European capital market,” said Nigel Wicks, Crest chairman. “This merger gives customers settlement consolidation while preserving customer choice and open access to services.”

Crest and Euroclear claim the new cross-border group will provide the market with substantial back-office