OTC Markets Group expands Nordic presence with five new listings

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OTC Markets Group expands Nordic presence with five new listings
Credit: © Reuters.

OTC Markets Group Inc., the overseer of regulated markets for 12,000 securities globally, has strengthened its foothold in the Nordic region with the addition of five Nordic companies to its OTCQX Best Market. The new entrants include Stora Enso (OTC: SEOAY ) Oyj, Nordea Bank Abp (OTC: NRDBY ), Telenor ASA (OTC: TELNY ), Akobo Minerals AB, and Redsense Medical AB.

The Group's growing influence in the Nordic market is evident as it now serves as the preferred market for three top Norwegian companies. The market accommodates over 25 Nordic corporations from diverse sectors such as oil and gas, shipping, telecoms, aviation, finance services, gaming and e-sports. Notable firms like Aker BP (NYSE: BP ) Asa, Norsk Hydro (OTC: NHYDY ) ASA, Gram Car Carriers ASA, Norse Atlantic Airways ASA, M.O.B.A. Network AB and Hafnia Ltd are part of this list.

Joe Coveney, VP at OTC Markets Group highlighted their 'list local, trade global' strategy that provides Nordic companies an efficient avenue to the U.S. Market using local filings and disclosures while complying with securities laws. Companies listed on a qualified international exchange are obligated to maintain high financial standards and adhere to best practice corporate governance.

This recent development underscores OTC Markets Group's commitment to expanding its global presence by providing international firms access to U.S. investors. The inclusion of five more companies not only broadens the diversity of sectors represented in the market but also reinforces its position as a key player in the Nordic region.

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