Euronext: regulatory approval to takeover VP Securities
(CercleFinance.com) - Euronext says that it has received approval from the Danish financial supervisory authority to acquire 100% of the capital of VP Securities, the Danish central securities depository, which is the only condition for the deal to be completed.
The pan-European stockmarket group points out that it has already secured broad support from VP Securities' existing shareholders, who have already committed to tendering around 90.7% of the shares to its offer.
Euronext's offer for VP Securities' remaining shares remains open until the end of August. It then plans to launch a squeeze-out procedure for the shares that have not been tendered.
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