Oil Report

Oslo Bourse and SGX sign secondary listings deal

OSLO, July 8 (Reuters) - Oslo Bourse said on Wednesday it had signed a deal with Singapore Exchange (SGX) SGXL.SI to cooperate on secondary listings for companies within energy, oilfield services and shipping sectors.

“A cooperation between SGX and Oslo Bourse underscores the fact that both Singapore and Norway have long and, to a large extent, similar traditions with regards to shipping and energy related sectors,” Chief Executive Bente Landsnes at Oslo Bourse said in a statement.

SGX and Oslo bourse will make rules and procedures for listings more similar to give companies an opportunity to diversify their shareholder base and get access to capital in a new market, the bourse said. (Reporting by Richard Solem; Editing by Jon Loades-Carter)