AFP, Paris :
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.
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.
