STOCKHOLM, Nov 12: The Swedish financial market regulator on Monday said it had approved a bid by the Emirates-based Borse Dubai to become the official owner of the Nordic and Baltic stock exchange OMX.

“Borse Dubai fulfills the requirements to become the owner” of OMX, the regulator, known as the Finansinspektionen, said in a statement.

Borse Dubai’s cash offer of 265 kronor per share, made jointly with the US high-tech exchange Nasdaq, values OMX at some 32 billion kronor ($4.9 billion, 3.47 billion euros).

OMX operates exchanges in Copenhagen, Stockholm, Helsinki, Reykjavik, Riga, Tallinn and Vilnius.—AFP