Business Services Industry
SIV JENSEN FEARS SWEDISH TAKEOVER
Info-Prod Research (Middle East), March, 2003
The Progress Party's Siv Jensen is afraid that the Norwegian system forbuying and selling financial instruments could be hijacked by Swedishinterests. Ms Jensen, who chairs the Storting's Finance Committee, has nowcalled on Norwegian investors to ensure that the Oslo Stock Exchange, theNOS (a clearing house for financial instruments) and the Norwegian Registryof Securities (VPS) remain in Norwegian hands.
Ms Jensen has heard rumors ofa Swedish plan to take control of the entire value chain for the trading ofshares and other financial instruments in Norway. "This worries me. We needa sensible Norwegian ownership structure with regard to securities trading.A system controlled from Stockholm would limit Norwegian freedom of action,expertise and jobs," she said.(Source: Odin.dep.no)
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