Business Services Industry
NORWAY: SIV JENSEN FEARS SWEDISH TAKEOVER.(of Oslo Stock Exchange)(Brief Article)
IPR Strategic Business Information Database, March, 2003
The Progress Party's Siv Jensen is afraid that the Norwegian system for buying and selling financial instruments could be hijacked by Swedish interests. Ms Jensen, who chairs the Storting's Finance Committee, has now called on Norwegian investors to ensure that the Oslo Stock Exchange, the NOS (a clearing house for financial instruments) and the Norwegian Registry of Securities (VPS) remain in Norwegian hands.
Ms Jensen has heard rumors of a Swedish plan to take control of the entire value chain for the trading of shares and other financial instruments in Norway. "This worries me. We need a sensible Norwegian ownership structure with regard to securities trading. A system controlled from Stockholm would limit Norwegian freedom of action, expertise and...
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