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LCH Buys IDCG, U.S. Swaps Clearinghouse, From Nasdaq

LCH.Clearnet Group Ltd. bought International Derivatives Clearing Group LLC from Nasdaq OMX Group Inc. and other investors, seeking to expand in the U.S.

London-based LCH.Clearnet acquired IDCG by issuing shares at 19 euros each to Nasdaq, LCH said in an e-mailed statement today. The deal allowed the U.S. exchange operator to take a 3.7 percent stake in the world’s biggest interest-rate swaps clearinghouse.