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Borse Dubai completes planned sale of OMX to Nasdaq

Borse Dubai completes planned sale of OMX to Nasdaq

Borse Dubai on Wednesday sold its entire stake in Swedish stock exchange operator OMX AB to Nasdaq Stock Markets Inc. in accordance with previously announced plans, the company said.
Completing the complex takeover deal struck between the two companies last year, Borse Dubai sold its 97.2 percent stake in OMX to Nasdaq in exchange for 2.9 million newly issued Nasdaq shares and around 11.7 billion kronor (US$1.9 billion, euro1.3 billion) in cash.
Another 17.7 million newly issued Nasdaq shares have been deposited in an independently managed U.S.-based trust for the economic benefit of Borse Dubai, the company said.
It also said Nasdaq has invested US$50 million (euro33.24 million) into subscribing for newly issued shares in Dubai International Financial Exchange, which will give it a 33.3 percent stake in the company.


Updated : 2021-07-30 23:44 GMT+08:00