Euronext shareholders support acquisition of up to 100% of Oslo Bors VPS

Maria Nikolova

The shareholders unanimously voted in favour of Euronext’s acquisition of up to 100% of Oslo Børs VPS’s capital.

Shareholders of Euronext NV (EPA:ENX) today voted in favour of Euronext’s acquisition of up to 100% of Oslo Børs VPS’s capital during the General Meeting of Shareholders. 

The shareholders’ approval was the last major condition to complete the transaction, since most of the other condition precedents highlighted in Euronext’s offer document were already met, including the clearance received from the Norwegian Ministry of Finance. Euronext expects to meet the remaining customary conditions and close the transaction before the end of the second quarter of 2019.

In February this year, Euronext revised its bid to NOK 158 per share. This is being increased from NOK 145 in the original offer. Nasdaq has also offered NOK 158 per share of Oslo Bors. Nasdaq and Euronext have been in a bidding race to acquire Oslo Bors, although Nasdaq said earlier this week it would consider its options regarding a deal for Oslo Bors after the statement by the Norwegian Ministry of Finance.

Euronext has repeatedly reiterated its commitment to the further development of Oslo Børs VPS, both its stock exchange and the Central Securities Depository (CSD), through a client-centric plan benefitting all parties of the Norwegian financial community. Euronext says it will act accordingly to preserve and develop the specific contribution of Oslo Børs VPS to the Norwegian economy including the Equity Capital Certificates market, the Fish Pool market located in Bergen, the high yield bond market and a seamless efficient listing platform.

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