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Swedish financial regulator approves Borse Dubai as owner of OMX

Swedish financial regulator approves Borse Dubai as owner of OMX

The Swedish Financial Supervisory Authority on Monday approved Borse Dubai as a suitable owner of OMX AB, clearing the way for Nasdaq Stock Market Inc.'s and Borse Dubai's combined takeover offer for the Nordic stock exchange operator.
The authority _ the equivalent of the U.S. Securities and Exchange Commission _ had already approved a similar application by Nasdaq.
Nasdaq Stock Market Inc. and Borse Dubai in September settled a takeover fight for OMX through a combined 32 billion Swedish kroner (US$5.06 billion; euro3.46 billion) offer for the exchange operator.
However, a Qatar investment group has also shown interest in OMX, buying just under 10 percent of the shares and requesting regulatory approval for increasing that stake.
Helena Ostman, a spokeswoman for the regulator, said a date for the assessment of the suitability of the Qatar group has not been set. She said the regulator has not received sufficient information yet to be able to make that assessment.
OMX owns stock exchanges in several Nordic and Baltic countries, and holds a stake in the Oslo bourse.


Updated : 2021-10-17 12:36 GMT+08:00