Euronext, the pan-European stock exchange operator, has offered to buy the shares it does not own in Oslo Børs, in a €625m bid that has bypassed the Norwegian exchange’s board.
The Amsterdam-registered exchange, which also operates markets in Brussels, Dublin, Lisbon and Paris, is seeking to make the Norwegian exchange the latest in a series of acquisitions. Euronext’s goal of diversifying from cash equities would be furthered by the Norwegian exchange’s strength in energy, seafood and shipping products.