Borse Dubai is coming under renewed regulatory pressure in its battle with Nasdaq to gain control over Nordic stock exchange operator OMX AB, Investment News reports.
A Swedish public prosecutor “is looking into the circumstances” of Borse Dubai’s OMX bid, and a decision will be made “within the next few days on whether it will launch a preliminary investigation,” says Eva-Lisa Lennstrand, a spokeswoman for Sweden’s National Economic Crimes Bureau, said according to a Wall Street Journal report.
In the meantime, Nasdaq has asked Sweden’s Securities Council, a self-regulatory organization, to investigate whether Borse Dubai’s takeover bid is in line with Swedish market practices, according to the Journal.