NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Oslo Bors seeks bids to rival Euronext offer

Published 04/01/2019, 09:47
Updated 04/01/2019, 09:50
© Reuters.  Oslo Bors seeks bids to rival Euronext offer
ENX
-

By Terje Solsvik

OSLO (Reuters) - Norwegian stock exchange operator Oslo Bors is inviting potential buyers to come forward, it said on Friday in a direct challenge to Euronext's (PA:ENX) recent 625 million euro (£562.7 million) offer for the company.

Euronext last month said it had secured the backing of a majority of Oslo Bors shareholders, but the exchange argued that not all potential buyers had been approached and it would explore alternatives.

"The board ... has decided to invite relevant parties that may be interested in the opportunity ... to participate in an offer process," Oslo Bors said in a statement on Friday.

"The process will take place in January and the objective will be to find the optimal solution in the best interests both of shareholder value and of the functions of the group's stock exchange and central securities depository activities in the Norwegian securities market."

The Oslo Bors board intends to meet Euronext and other interested parties before issuing its recommendation to shareholders, it added.

Euronext operates bourses in Paris, Amsterdam, Brussels, Lisbon and Dublin.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.