25 November 2015

OMX to acquire Armenian Stock Exchange

27 April 2007  |  5927 views  |  0 stock quotes

Swedish stock market operator and technology provider OMX is to acquire the Armenian Stock Exchange and central depository.

Although the Armenian stock market is a minnow, Magnus Böcker, CEO of OMX believes the market is ripe for growth as a result of 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.

"OMX will strengthen the Armenian securities market with the goal to enhance its efficiency, liquidity and visibility. Furthermore, OMX’s ambition is to use the Armenian case as a benchmark to enter other emerging capital markets," he says

Böcker says OMX’s knowledge of developing the Nordic and Baltic markets and providing technology to more than 60 exchanges in over 50 countries provides a strong platform from which to develop the Armenian securities market.

The structure and value of the transaction - which is subject to final approval by the Amernian central bank - has not been disclosed.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

12 April, 2007
28 March, 2007
27 March, 2007
14 March, 2007
05 March, 2007
07 February, 2007
09 January, 2007
08 January, 2007
20 December, 2006
14 December, 2006
29 November, 2006
06 October, 2006
04 October, 2006
19 September, 2006
11 September, 2006
02 August, 2006
24 May, 2006
22 May, 2006

Related company news


Top topics

Most viewed Most shared
MIT to run fintech degree course
8682 views comments | 35 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
7839 views comments | 16 tweets | 21 linkedin
Apple Pay users given a free ride in Londo...
7721 views comments | 21 tweets | 29 linkedin
UK banks hardest hit by non-bank money tra...
7599 views comments | 27 tweets | 30 linkedin
R3 blockchain collaboration project builds...
6366 views comments | 30 tweets | 27 linkedin

Featured job

Competitive base, double OTE
London, UK

Find your next job