Osaka Exchange to Waive Listing Fee for Quake-Hit Companies

Osaka Securities Exchange Co. will waive listing fees for a year for companies affected by Japan’s March 11 earthquake and tsunami, Michio Yoneda, president of the bourse, said in Osaka.

The exemption will likely apply to 28 companies with headquarters in the quake-affected areas of Aomori, Iwate, Miyagi, Fukushima and Ibaraki prefectures,Yoneda said today.

The Osaka bourse is “slowly moving ahead” in merger talks with the Tokyo Stock Exchange Group Inc., Yoneda said separately. He declined to give details.

Atsushi Saito, president of Tokyo’s exchange, said on March 22 that the two companies are considering a merger. The tie-up would be the latest in a wave of planned consolidations between bourses that have been announced in the last six months, including Deutsche Boerse AG’s agreement in February to buy NYSE Euronext. (NYX)

To contact the reporters on this story: Takako Iwatani in Tokyo at tiwatani@bloomberg.net.

To contact the editor responsible for this story: John McCluskey at j.mccluskey@bloomberg.net

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