Euronext seeks to buy Oslo stock exchange owner for $711 million

© Reuters. The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie

(Reuters) – Euronext NV (PA:) is seeking the support of Oslo Bors VPS Holding’s board of directors to acquire the company which owns the Oslo stock exchange for 625 million euros (562 million pounds/$711 million), it said on Monday.

Euronext, which operates bourses in Paris, Amsterdam, Brussels, London, Lisbon and Dublin, said it found Oslo Bors’ position in seafood derivatives and oil services and shipping attractive.

The pan-European exchange operator has already secured support for its offer from Oslo Bors shareholders representing 49.6 percent of outstanding shares, it said.

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