OSLO, May 13 – 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.
No such restrictions will be imposed, the Norwegian ministry said in a statement. (Reporting by Terje Solsvik; Editing by Simon Cameron-Moore)