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SWEDISH OMX GROUP TO PURCHASE ARMENIAN STOCK EXCHANGE AND THE CENTRAL DEPOSITARY
Mediamax News Agency, Armenia
April 27 2007
Yerevan, April 27 /Mediamax/. The Swedish OMX Group will purchase
the Armenian Stock Exchange and the Central Depositary.
As Mediamax was told in the press service of the Armenian Central
Bank, the corresponding memorandum was signed today by the Armenian
government, the Central Bank of Armenia and the OMX Company. The deal
will be ratified after signing the corresponding agreement.
The decision of OMX on the participation in the development of the
Armenian capital market was welcomed today by the Armenian Prime
Minister Serzh Sarkisian, who promised on behalf of the government
the support of the country in reaching the set goals.
Chairman of the Armenian Central Bank Tigran Sarkisian informed that
the cooperation with OMX has been already in process for a year. "The
participation of the given company in the Armenian market of capital
will assist in reaching our long-term goals", Tigran Sarkisian noted.
The General Executive Director of OMX Magnus Bocker, in his turn,
stated that the acquisition of the Armenian Stock Exchange and the
Central Depositary will increase the efficiency of their work and
will help to use the experience, achieved in Armenia, for entering
other new markets of capital.
The Swedish OMX Group was established in 2003. OMX is the operator of
Nordic Exchange, which controls about 80% of the securities market
of Scandinavia and Baltic states. The gain for 2006 made $516,7mln,
the net profits - $121mln, the capitalization - $2,5bln.
The company provides technical support to 60 exchanges in 50 countries
of the world.
Mediamax News Agency, Armenia
April 27 2007
Yerevan, April 27 /Mediamax/. The Swedish OMX Group will purchase
the Armenian Stock Exchange and the Central Depositary.
As Mediamax was told in the press service of the Armenian Central
Bank, the corresponding memorandum was signed today by the Armenian
government, the Central Bank of Armenia and the OMX Company. The deal
will be ratified after signing the corresponding agreement.
The decision of OMX on the participation in the development of the
Armenian capital market was welcomed today by the Armenian Prime
Minister Serzh Sarkisian, who promised on behalf of the government
the support of the country in reaching the set goals.
Chairman of the Armenian Central Bank Tigran Sarkisian informed that
the cooperation with OMX has been already in process for a year. "The
participation of the given company in the Armenian market of capital
will assist in reaching our long-term goals", Tigran Sarkisian noted.
The General Executive Director of OMX Magnus Bocker, in his turn,
stated that the acquisition of the Armenian Stock Exchange and the
Central Depositary will increase the efficiency of their work and
will help to use the experience, achieved in Armenia, for entering
other new markets of capital.
The Swedish OMX Group was established in 2003. OMX is the operator of
Nordic Exchange, which controls about 80% of the securities market
of Scandinavia and Baltic states. The gain for 2006 made $516,7mln,
the net profits - $121mln, the capitalization - $2,5bln.
The company provides technical support to 60 exchanges in 50 countries
of the world.