The Strategist

NASDAQ refuses to buy Oslo Stock Exchange


05/27/2019 - 15:18



The NASDAQ exchange operator has withdrawn its offer to buy Oslo Børs VPS Holding ASA, the Oslo Stock Exchange operator, the company said in a press release.



bfishadow via flickr
bfishadow via flickr
The NASDAQ offered 158 NOK ($ 18.2) per share for the company, but it failed to enlist support of a sufficient number of shareholders.

Oslo Børs is also being eyed by the operator of the Euronext stock exchanges, which also evaluates its securities at 158 NOK. Earlier in May, Euronext representatives reported that the Norwegian Ministry of Finance approved its application.

Euronext directly owns a 5.3% stake in Oslo Børs, and its terms have previously been accepted by the holders of another 45.2% stake in the exchange.

Euronext is a pan-European exchange operator with branches in Belgium, France, Ireland, the Netherlands, Portugal and the UK. The Euronext stock exchanges circulates stocks of about 1.3 thousand companies, whose total capitalization at the end of the third quarter of last year was estimated at €3.9 trillion.

soruce: ft.com




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