Euronext receives clearance from the Norwegian Ministry of Finance to acquire up to 100% of Oslo Børs VPS

The distribution of the offer document and the making of the offer may in certain jurisdictions be restricted by law, including without limitation in Canada, Australia and Japan. Accordingly, the offer is not made and does not constitute an offer or solicitation in these jurisdictions, or in any jurisdiction or to any person where the making or acceptance of the offer or solicitation would be in violation of the laws or regulations of such jurisdiction.

Amsterdam, Brussels, Dublin, Lisbon, London and Paris – 13 May 2019 – Euronext, the leading pan-European exchange, welcomes the clearance from Norway’s Ministry of Finance to acquire  up to 100% of Oslo Børs VPS’s capital, as applied for. Reaching this critical milestone, Euronext confirms its intention to complete the transaction by the end of June 2019.

Euronext has already secured a majority of the capital of Oslo Børs VPS (53.4 %) including irrevocable pre-commitments, shares tendered to the Offer, and directly owned shares. This satisfies the 50% minimum ownership condition of its offer, as described in its offer document available on www.euronext.com.

The Ministry’s decision was one of the last major conditions to complete the transaction.

Euronext’s shareholders have been asked to approve the transaction at the general meeting convened on 16 May 2019, and Euronext’s reference shareholders, who represent 23.86% of the capital, have confirmed their joint support for the transaction.

Euronext is strongly convinced of the benefits that its combination with Oslo Børs VPS would bring to all Norwegian stakeholders. It has a strong track record of pan-European and decentralised independent market infrastructure management. Euronext’s model, capitalising on local strengths, identity and vibrant markets, fuels its ambition to finance the real economy, especially SMEs, by providing them with access to the largest liquidity pool in Europe. Euronext will be fully committed to the further development of Oslo Børs VPS, both its stock exchange and the Central Securities Depository (CSD, known as `VPS`), through a client-centric plan benefitting all parties of the Norwegian financial community. Euronext will act accordingly to preserve and develop the specific contribution of Oslo Børs VPS to the Norwegian economy including the Equity Capital Certificates market, the Fish Pool market located in Bergen, the high yield bond market and a seamless efficient listing platform.

Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext said: “Euronext welcomes the Ministry’s clearance to acquire up to 100% of Oslo Børs VPS’s capital and look forward to completing the next steps to close the transaction by the end of June 2019. As part of the Euronext family, Oslo Børs VPS will continue to be a strong and leading Nordic exchange and CSD, and a hub for Euronext’s ambitions in the region. Euronext looks forward to supporting the Norwegian financial and business community, to working constructively with all key constituents and stakeholders to further drive the success of Oslo Børs VPS.”

Defined terms with capital letters herein have the meaning as in Euronext’s Offer Document published on 14 January 2019 and available on www.euronext.com.

Contacts:

Media 
Pauline Bucaille: +33 1 70 48 24 45; mediateam@euronext.com

Analysts & investors
Aurélie Cohen: +33 1 70 48 24 17; ir@euronext.com

 

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Sobre a EuronextA Euronext é a bolsa líder na Zona Euro, cobrindo a Bélgica, França, Holanda, Irlanda, Portugal e Reino Unido. Com 1300 emitentes e uma capitalização bolsista de cerca de 3.5 biliões de euros no final de Marte de 2019, a Euronext apresenta uma representação inigualável de mais de 24 emitentes de Morningstar® Eurozone 50 Index℠, bem como uma base sólida e diversificada de clientes nacionais e internacionais. A Euronext opera mercados a contado e de derivados, regulamentados e transparentes e é o maior centro mundial de dívida e fundos cotados. A sua oferta de produtos inclui Ações, Forex, ETFs, Warrants e Certificados, Obrigações, Derivados, Mercadorias e Índices. A Euronext utiliza, também, a sua experiência na gestão de mercados, fornecendo tecnologia e serviços de gestão a terceiras entidades. Para além do seu principal mercado regulamentado, a Euronext opera ainda o Euronext GrowthTM e o Euronext AccessTM , simplificando a admissão ao mercado de capitais para as PMEs.
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