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Euronext tables formal offer for remaining Norwegian exchange shares

The pan-European exchange group is planning the next leg of its acquisitive expansion

The Paris Bourse, one of the three original members of Euronext
The Paris Bourse, one of the three original members of Euronext

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.

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