Euronext NV is moving forward with the Oslo Stock Exchange purchase. The Norwegian Government has approved the process and according to Euronext, the company is completing the transaction by the end of June 2019. Euronext is now holding over 50 % of the Oslo market place.
– Euronext will be fully committed to the further development of Oslo Børs VPS, both its stock exchange and the Central Securities Depository (CSD, known as VPS`), through a client-centric plan benefitting all parties of the Norwegian financial community. Euronext will 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, the company said in the press release.
Nasdaq has also been bidding for the Oslo markets and the company owns 37 % of the Oslo Stock Exchange.