Oslo Børs gets govt nod for Burgundy merger
Oslo Børs has received permission from the Norwegian Ministry of Finance to merge Oslo Børs ASA and its Swedish subsidiary Burgundy AB, with Oslo Børs ASA as the acquiring company. The merger is scheduled for 2nd quarter of 2013.
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The permit is conditional of agreements on satisfactory supervisory cooperation between The financial supervisory authority of Norway (Finanstilsynet) and relevant regulatory authorities of foreign clearing houses designated by Burgundy are entered into at the time of the merger, or that such agreements will be signed in the near future.