TALLINN - Industrial holding company Investor, the largest in northern Europe, and Nomura have entered into a share forward transaction, with Investor acquiring eight million shares of common stock of the Nasdaq OMX Group, reports news agency LETA. The transaction has a forward purchase price of USD 21.80 per share and a total forward purchase price of USD 175 million.
The deal is subject to customary regulatory approval.
Currently, Investor holds approximately 9.0 million shares in Nasdaq OMX Group, corresponding to 4.6 percent of the outstanding shares, purchased over the past year for a total consideration of approximately USD 180 million. In case of physical delivery of the shares, Investor will hold approximately 17 million shares in Nasdaq OMX Group, corresponding to 9.7 percent of the outstanding shares.
In the event of physical delivery of the shares, Investor will transfer the holding in Nasdaq OMX Group from Financial Investments to Operating Investments and Investor will be entitled to a board seat.
“We are excited about this opportunity to become a leading shareholder in Nasdaq OMX, a company with very strong market positions and a unique brand in an industry we know well. We are convinced that this investment will be very attractive for our shareholders”, says Investor’s CEO, Borje Ekholm.
Nasdaq OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,600 listed companies, and also operates in the Baltic States. Nasdaq OMX Nordic and Nasdaq OMX Baltic are not legal entities but describe the common offering from Nasdaq OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius.
Investor is a leading shareholder in a number of multinational companies, including Atlas Copco, ABB and SEB. Investor also conducts private equity activities in the United States, Northern Europe and Asia. Investor is a Nordic-based industrial holding company founded almost one hundred years ago by the Wallenberg family. Today the company has investment activities in Europe, the United States and Asia.