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OMX Presented The Final Package On The Study Of Securities Market Of

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  • OMX Presented The Final Package On The Study Of Securities Market Of

    OMX PRESENTED THE FINAL PACKAGE ON THE STUDY OF SECURITIES MARKET OF ARMENIA

    Mediamax Agency, Armenia
    Feb 27 2007

    Yerevan, February 27 /Mediamax/. The Stockholm Stock Exchange /OMX/
    presented the final package on the study of the securities market
    of Armenia, Chairman of the Armenian Central Bank Tigran Sarkisian
    informed today.

    Mediamax reports that Tigran Sarkisian stated that the given package
    was considered by the corresponding ministries and was positively
    assessed.

    The CB Chairman noted that in case of realization of the given
    project, OMX will become the owner of the Armenian Stock Exchange
    and the Armenian enterprises will gain the opportunity to hold IPOs
    on international Exchanges.

    Tigran Sarkisian reminded that the Stockholm Stock Exchange is
    the owner of the Exchanges of Latvia, Lithuania, Estonia and other
    countries.

    According to the assessments of the Central Bank, for the development
    of the securities market in Armenia, the presence of 7-12 companies
    with the capital of $40-70mln is necessary.
    From: Baghdasarian
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