Euronext moves in on Oslo bourse owner in 625m deal

Business | 24 Dec 2018 4:29 pm

Pan-European exchanges group Euronext NV is aiming to buy the owner of the Oslo stock exchange for 625 million euros as part of its drive to diversify from share trading.

Euronext, which operates bourses in Paris, Amsterdam, Brussels, London, Lisbon and Dublin, said on Monday it was particularly attracted to Oslo Bors’ position in seafood derivatives as well as oil services and shipping, Reuters reports

The group said it had offered to buy Oslo Bors for 145 Norwegian crowns (US$16.58) per share, a 20.8 percent premium to the Norwegian firm’s last traded price on Friday.

It has already secured support for its offer from Oslo Bors shareholders representing 49.6 percent of outstanding shares, Euronext said in a statement.

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