STOCKHOLM Nov 21 Nordic and Baltic stock
exchange company OMX OMX.ST said on Wednesday it had bought
the Armenian stock exchange and the Central Depository of
Terms were not disclosed.
OMX is buying 100 percent of the shares in the exchange,
known as Armex, and the depository. It said in a statement the
deal was in accordance with a letter of intent signed in April.
"In addition to the share purchase agreement, OMX and the
government of Armenia have also signed a cooperation agreement
outlining joint efforts to support the long-term development of
the capital market in Armenia," the Nordic and Baltic bourse
OMX's board is considering a cash offer of 265 crowns per
share from state-run Borse Dubai, which has teamed up with U.S.
exchange Nasdaq (NDAQ.O) to buy the Nordic and Baltic exchange
The firms have said the offer has received acceptances
representing 47.6 percent of OMX shares.
Regulators have given the green light for the Nasdaq-Dubai
(Reporting by Adam Cox, editing by Sue Thomas)