The London Stock Exchange (LSE) has tendered an offer to acquire a majority stake in LCH.Clearnet, Financial Times reports. The deal will value the European independent clearing house at about €1 billion, nearly €21 a share. LCH.Clearnet helps the U.K. bourse to clear U.K. stocks and for FTSE index futures.

U.K. post-trade services group Markit is also eying the stake. Markit has been working along with both NYSE Euronext and Nasdaq OMX as potential partners for the acquisition.

Click here for the story from Financial Times.