Norway will allow Euronext to take a majority stake in Oslo Bors VPS, the countr...
FILE PHOTO: A man walks past the Oslo Stock Exchange building in Oslo, Norway April 10, 2019. REUTERS/Nerijus Adomaitis
OSLO - Norway will allow Euronext to take a majority stake in Oslo Bors VPS, the country’s finance ministry said on Monday, confirming an earlier statement by Euronext. The decision effectively ends a five-month battle between Euronext and Nasdaq for ownership of the Norwegian stock market operator. While Euronext has already secured a stake of more than 50% in Oslo Bors, Nasdaq had argued that no takeover should be allowed unless a two-thirds stake was obtained.Reporting by Terje Solsvik; Editing by Simon Cameron-Moore
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