Among the financial battles underway on the planet, there is a transatlantic one involving Norway. It's the one for the Oslo Stock Exchange, disputed between the United States and Europe: on one side the American Nasdaq, on the other Euronext, the group that manages the stock exchanges in Paris, Amsterdam, Brussels and Lisbon.
On Wednesday, the auction flared up with a new hike from the US. The In fact, Nasdaq has launched a friendly takeover bid, placing a total of 770 million dollars on the plate, equal to 673 million euros. In this way, the Americans exceeded the European proposal by about 50 million.
"The public offer of the Nasdaq - reports a note from the US financial giant - has already received the irrevocable yes of 35,11% of the shareholders of the Oslo Stock Exchange, as well as the unanimous green light of the board of directors of the Norwegian stock exchange".
The Board of Directors of the Oslo Stock Exchange has made it known that it considers the Nasdaq offer “the best alternative for all interested parties (…) and therefore unanimously recommends that the shareholders of Oslo Bors VPS accept the offer and not accept the offer to buy the shares of Oslo Bors VPS made by Euronext”.
In December, Euronext had launched a public offer of 625 million euros, adding that if the deal went through, Oslo's leading position in fish derivatives, oil services and shipping would strengthen "the position of Euronext as the main market infrastructure for financing the real economy in Europe”. Euronext had also declared that it had received acceptances from more than 50 percent of the shareholders for its offer.
In any case, any acquisition of more than 10 percent of the Oslo Stock Exchange requires the approval of the Norwegian authorities.
