Business Services Industry
OMX AB to acquire Armenian Stock Exchange
Nordic Business Report, Nov 21, 2007
NORDIC BUSINESS REPORT-21 November 2007-OMX AB to acquire Armenian Stock Exchange(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
The Nordic stock exchange operator OMX AB said on Wednesday (21 November) that it has signed a share purchase agreement with the government of Armenia regarding the acquisition of the Armenian Stock Exchange and the Central Depository of Armenia.
Under the agreement, OMX buys 100% of the shares in the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA).
In addition OMX and the government of Armenia have also signed a cooperation agreement outlining joint efforts to support the long-term development of the capital market in Armenia.
OMX, headquartered in Stockholm, Sweden, owns and operates the stock exchanges of Stockholm, Helsinki, Copenhagen, Reykjavik, Riga, Tallinn and Vilnius. In addition the company develops and markets technical solutions and services to the securities industry. OMX reported revenue of SEK3.6bn in 2006.
One British pound (GBP) is worth approximately 12.95 Swedish kronor (SEK).
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