Vilnius, January 3, 2012 — Today, NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announced the completion of its acquisition of the Central Securities Depository of Lithuania (CSDL), whereby NASDAQ OMX Helsinki Oy purchased the remaining 60 percent of the shares of the CSDL from the Bank of Lithuania.
After this acquisition, the NASDAQ OMX Group owns 100 percent of the CSDL. Before the completion of the acquisition, the NASDAQ OMX Group owned 32% of the CSDL through NASDAQ OMX Helsinki Oy, and 8% through NASDAQ OMX Vilnius where NASDAQ OMX owns 96%.
“We are happy to have won the public tender for the sale of the CSDL shares and have closed the deal with the Bank of Lithuania. NASDAQ OMX owns a stock exchange in Lithuania and exchanges and central depositories in Latvia and Estonia. Therefore, acquiring the remaining stake in the Central Securities Depository of Lithuania was a natural step in providing an integrated and cost efficient offer of high quality trading and post-trading services to companies traded on Baltic exchanges and investors trading in Baltic countries.” said Hans-Ole Jochumsen, President of NASDAQ OMX Nordic.
The CSDL plays an important role in the Lithuanian financial market by being a central registrar of shares and other securities issued by public companies registered in Lithuania and the Lithuanian government. The CSDL is also responsible for clearing and settlement of trades in financial instruments concluded on and outside the stock exchange.
“Examples in Latvia and Estonia show that in smaller markets consolidation of ownership of stock exchanges and depositories creates valuable synergies also for the market participants. This is our goal in Lithuania”, said Arminta Saladziene, Head of NASDAQ OMX Baltic Market.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).
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