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Armenian Stock Exchange To Become A Private Structure; CB Holds Nego

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  • Armenian Stock Exchange To Become A Private Structure; CB Holds Nego

    ARMENIAN STOCK EXCHANGE TO BECOME A PRIVATE STRUCTURE; CB HOLDS NEGOTIATIONS WITH OMEX

    Mediamax Agency, Armenia
    Feb 5 2007

    Yerevan, February 5 /Mediamax/. Armenian Stock Exchange will become
    a private structure, Chairman of the Armenian Central Bank Tigran
    Sarkisian stated in Yerevan today.

    Mediamax reports that Tigran Sarkisian stated that there are
    negotiations being held with the Stockholm Stock Exchange (OMEX),
    which has considerable experience as an exchange owner in countries
    with transitional economy.

    Tigran Sarkisian stated that today, examinations of 30 companies are
    being held, which may agree to realizing open activities, presenting
    audit reports, placing securities on the stock exchange and etc. He
    noted that in 2007, through OMEX the shares of a few Armenian companies
    will be placed.

    According to the assessments of the Central Bank, for the development
    of the securities market, it is necessary to have 7-12 companies with
    the capital of $40-70mln.
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