OMX buys stake in Norwegian stock exchange

OMX buys stake in Norwegian stock exchange

Nordic and Baltic market operator OMX has acquired a 10% stake in Oslo Bors Holding, the Norwegian stock exchange, for SKr287.5 millon.

Commenting on the deal, Magnus Böcker, CEO of OMX, says: "The acquisition of this stake in Oslo Børs is an attractive investment opportunity for OMX. We know the company well through the Nordic cooperation and look forward to continuing to develop our close working relationship in the future."

Last month OMX said it had signed a letter of intent to buy Iceland stock exchange operator (Icex) in an all share deal worth SKr250 million.

Earlier this week the Scandinavian firm reported a capital gain of SKr80 million from the sale of its 19.78% stake in Swedish securities depository VPC.

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