DNB reiterates plan to sell Oslo Bors stake to Nasdaq

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DNB reiterates plan to sell Oslo Bors stake to Nasdaq

FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. REUTERS/Brendan McDermid/File Photo

OSLO (Reuters) – Norwegian bank DNB (DNB.OL) still plans to sell its 20-percent stake in stock market operator Oslo Bors VPS OSLO.NFF to Nasdaq (NDAQ.O), despite a higher bid by Euronext (ENX.PA), the bank said on Monday.

“We’ve committed to Nasdaq, so this doesn’t change anything,” DNB spokesman Thomas Midteide said when asked to comment on Euronext’s raised offer.

DNB is the largest shareholder of Oslo Bors VPS.

Reporting by Terje Solsvik, editing by Gwladys Fouche