London Stock Exchange Group Plc (LSE.L) or LSE will announce as early as Monday that it will take a stake of about 60% in Turquoise, according to media reports.
LSE will make an initial investment of about £20 million in Turquoise, a trading system set up by the exchange's customers as an alternative to the LSE, reports said.
In the Turquoise deal, the nine banks behind the system, including Deutsche Bank AG, Morgan Stanley and UBS AG, will retain a minority stake, reports noted.
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