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OMX TO ACQUIRE THE ARMENIAN STOCK EXCHANGE AND CENTRAL DEPOSITORY
AFX Europe (Focus)
Published: Apr 27, 2007
STOCKHOLM (Thomson Financial) - OMX AB said it has signed a letter of
intent with the Central Bank of Armenia and the Armenian government,
regarding the acquisition of the Armenian Stock Exchange and the
Central Depository of Armenia.
OMX said the size of the Armenian market is currently small by any
standards, but it sees the potential for growth due to a number of
contributing factors, such as the upcoming pension reform, changes
to the legal framework and an increased focus on the equity market
as a source of capital for companies in the region.
No financial details were disclosed.
AFX Europe (Focus)
Published: Apr 27, 2007
STOCKHOLM (Thomson Financial) - OMX AB said it has signed a letter of
intent with the Central Bank of Armenia and the Armenian government,
regarding the acquisition of the Armenian Stock Exchange and the
Central Depository of Armenia.
OMX said the size of the Armenian market is currently small by any
standards, but it sees the potential for growth due to a number of
contributing factors, such as the upcoming pension reform, changes
to the legal framework and an increased focus on the equity market
as a source of capital for companies in the region.
No financial details were disclosed.