ZCZC
BCN-15
FRANCE-MARKET-MERGER-NORWAY
Euronext bids 625m euros for Oslo Stock Exchange
PARIS, Dec 24, 2018 (BSS/AFP) – European stock market operator Euronext on
Monday said it had launched a 625 million euro takeover bid to acquire the
Oslo Stock Exchange.
Euronext operates stock exchanges in Paris, Amsterdam, Brussels, Dublin
and Lisbon.
In a statement, the operator said it had approached the board of directors
of the Oslo Stock Exchange (Oslo Bors VPS) to seek its support for a tender
offer of 625 million euros (712 million) for all outstanding shares in the
bourse.
“Euronext strongly believes that Oslo Bors VPS’ unique strategic and
competitive positioning, including a global leading position in seafood
derivatives and a deep-rooted expertise in oil services and shipping, would
further strengthen Euronext’s position as the leading market infrastructure
for the financing of the real economy in Europe,” the statement said.
BSS/AFP/HR/1455