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Euronext gets clearance from Norway government to buy Oslo Bors

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Christian Fernsby ▼ | May 13, 2019
Oslo Bors
Europe   Oslo Bors

European stock market operator Euronext said it got clearance from Norway’s Ministry of Finance to buy up to 100% of Oslo Bors, pushing Euronext closer to victory over Nasdaq in its bid to buy Oslo Bors.

“Euronext welcomes the ministry’s clearance to acquire up to 100% of Oslo Børs VPS’s capital and looks forward to completing the next steps to close the transaction by the end of June,” said Chief Executive Stéphane Boujnah.

“Euronext looks forward to supporting the Norwegian financial and business community, to working constructively with all key constituents and stakeholders to further drive the success of Oslo Børs VPS,” Boujnah said.

Nasdaq expressed its disappointment at the decision by the government, and said it would assess its options over what to do next regarding Oslo Bors.

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