OMHEX has been selected as the “strategic partner” for the National Stock Exchange and Central Securities Depository of Lithuania, it was reported today.
The Lithuanian State Property Fund selected OMHEX as the buyer of 54.5 percent of the National Stock Exchange of Lithuania and 32 percent of the Central Securities Depository of Lithuania. It also invited OMHEX to start negotiations for the conclusion of the share purchase agreement.
Together with previously-acquired shares, OMHEX will own approximately 85 percent of NSEL upon completion of the agreement, expected during the fourth quarter of 2004.
“We would like to welcome NSEL and CSDL to the OMHEX family. For us, this is a logical next step in the integration of the Nordic and Baltic securities market. OMHEX has a clear commitment and vision as well as a successful track record as facilitator of the integration and development of the Nordic and Baltic region,” said Magnus Bcker, President and CEO, OMHEX.
OMHEX is a provider of marketplace services and solutions that aim to improve the efficiency of customers’ securities transactions.
Lithuania is one of 10 countries in Eastern Europe who will join the European Union on May 1.