2012-01-03
The majority holding of the shares of the Central Securities Depository of Lithuania was acquired by the Finnish company NASDAQ OMX Helsinki OY
The Finnish company NASDAQ OMX Helsinki OY won the public tender for the acquisition of the shares of the Central Securities Depository of Lithuania and acquired 60 per cent of the shares of the Depository, which were formerly held by the Bank of Lithuania.
According to the shares sale agreement, the Finnish company paid LTL 13 million to the Bank of Lithuania. The transaction was completed today.
“The tender for the Depository was successful. This success was also determined by the selected appropriate time, when the consolidation process of the securities market infrastructure takes place in Europe. Although only one participant was registered, it perfectly fitted the requirements raised for the strategic investor, whereas the price offered for the shares met our expectations”, told Mr. Darius Petrauskas, Deputy Chairman of the Board of the Bank of Lithuania.
After the acquisition of the shares from the Bank of Lithuania, NASDAQ OMX Helsinki OY increased its holding of Depository shares to 92%. The remaining 8% of the authorised capital are held by AB NASDAQ OMX Vilnius, which belongs to the NASDAQ OMX group.
It is expected that the investor will properly ensure effective expansion of both the Depository and its services, which is especially important for the securities market participants.