US-based NASDAQ OMX Group has completed its acquisition of the Central Securities Depository of Lithuania (CSDL).
NASDAQ OMX Helsinki Oy purchased the remaining 60% of the shares of the CSDL from the Bank of Lithuania.
After the acquisition, the NASDAQ OMX Group owns 100% of the CSDL.
CSDL is responsible for clearing and settlement of trades in financial instruments concluded on and outside the stock exchange.
NASDAQ OMX Nordic president Hans-Ole Jochumsen said that 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," added Jochumsen.