Norway Gov't To Have Final Say On Oslo Bors Battle

Law360, London (April 8, 2019, 12:28 PM BST) -- Norway’s financial regulator has cleared both Euronext and Nasdaq as they compete to take over the country’s stock exchange, pushing the final decision on the deal onto the country's government.

The rival European and U.S. stock exchange operators issued separate statements on Monday to say they have been deemed “fit and proper” by the Norwegian Financial Supervisory Authority to buy Norway’s largest exchange, Oslo Bors.

A spokeswoman for Norway's ministry of finance confirmed Monday that both exchange operators have “received positive recommendations from the FSA.” The ministry expects to make a final decision before May 15 — although it may extend the...

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