Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Dubai exchange denies bidding for OMX

Share this article

19:03 CEST+02:00
Borse Dubai said its recent book-building, which resulted in it taking a 4.9 percent direct stake in OMX and options for a further 22.5 percent, does not constitute a public takeover offer for the Nordic bourse owner.

It said it wanted to buy a large stake in OMX, and intends to pursue discussions with OMX's board and its largest shareholders about future "cooperation" with the Nordic and Baltic bourse owner.

Borse Dubai made the statements in its answers to a set of questions posed by the Swedish Financial Supervisory Authority, Finansinspektionen (FI).

Borse Dubai said its Swedish legal advisor, Linklaters, does not consider the book-building a public takeover offer under Swedish laws, as only a limited number of institutional investors have been contacted and as no statement regarding any public offer has been communicated to the market.

It said no resident Swedish shareholders were contacted in the process, with the selected shareholders comprising hedge funds, proprietary trading desks of banks and other institutional shareholders.

Borse Dubai said it has not acquired any other shares or options outside of the book-building process.

Get notified about breaking news on The Local

Share this article

Advertisement
Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement