Investor doubles up on NASDAQ OMX shares

Swedish holding company Investor has agreed to double its stake in the NASDAQ OMX Group, the company announced on Thursday.

Investor doubles up on NASDAQ OMX shares

The Wallenberg family investment company has agreed to purchase 8 million NASDAQ OMX shares in a share forward transaction with Japan-based conglomerate Nomura.

The deal was struck at a forward purchase price of $21.80 per share for a total purchase price of $175 million.

Investor currently owns around 9 million shares in NASDAQ OMX Group, corresponding to a 4.6 percent ownership stake.

After the deal, Investor’s stake in the stock exchange operator will roughly double to 9.7 percent of outstanding shares.

“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,” Investor CEO Börje Ekholm said in a statement.

“We are convinced that this investment will be very attractive for our shareholders.”

In October, Investor reported its net assets had grown by 9 percent in 2010 to 152.4 billion kronor ($22.9 billion).

At the time, Ekholm indicated the firm was on the lookout for new investments saying, “We remain prepared to invest when we find the valuation attractive.”

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.


Berlusconi cools AC Milan takeover talk

AC Milan owner and president Silvio Berlusconi has admitted he has no "desire" or "need" to sell the fallen Serie A giants despite recent reports claiming the club would soon be in Asian hands.

Berlusconi cools AC Milan takeover talk
AC Milan owner and president Silvio Berlusconi has admitted he has no "desire" or "need" to sell AC Milan. Photo: Giuseppe Cacace/AFP

Berlusconi admitted in an interview with La Gazzetta dello Sport on Saturday he has been in talks with Chinese Head of State Xi Jinping about possible investment from the country in the seven-time European champions.

But two weeks after it was announced a majority stake in the club would soon be sold to Thai businessman Bee Taechaubol, Berlusconi continues to keep fans guessing as to his intentions for the once mighty Rossoneri.

The former two-time Italian prime minister conceded the arrival in the sport of wealthy investors from oil-producing nations such as Qatar had compounded his fight to keep Milan, one of the world's top clubs, on a level playing field with their European rivals.

But despite Milan's recent fall from grace that is likely to see them once again miss out on European football next season, his plans to sell the club he steered to unprecedented success in Europe during their 1990s heyday appear to have cooled.

“Right now I don't know how the situation could develop,” Berlusconi told the Italian sports daily when asked about recent negotiations with investors from China.

“Beyond the rapport we created in political terms, Xi (Jinping) has shown the utmost respect for Italian football.

“But let's be clear: I have no desire, intention or need to sell Milan.

“Although it is true that since the arrival of petrodollars and investors from Qatar, it has become very difficult for family-run clubs to support such an economic burden.”

A fortnight ago Berlusconi was said to be on the verge of selling a 51 percent stake in the club to Bee, the executive director of a south-east Asian private equity group, for an estimated €500 million ($550 million).

That deal appears to have been put to one side, at least temporarily, but Berlusconi hinted his search for potential partners who could bring significant investment without him being forced to give up a majority stake is still ongoing.

He added: “If my family can't resolve the club's problems on its own, then I will have to to find investors capable of contributing to the relaunch of Milan.

“If we can't find buyers, it's up to me to try and relaunch the club. If we do bring in new investors who want me to remain in my role, then I will collaborate with those who do come in to help take Milan back to the position we deserve to be in.”

Milan's city rivals Inter are already in the hands of Asian owners, Indonesian tycoon Erick Thohir having bought a 70 percent stake in the Serie A giants in November 2013.