OMX, the Central Bank of Armenia and the Government of Armenia have signed a letter of intent regarding acquisition of the Armenian Stock Exchange and the Central Depository of Armenia.
“We believe that acquiring the Armenian Stock Exchange and Central Depository is an opportunity for OMX to leverage our experience from developing emerging markets in other countries,” said Magnus Bcker, CEO of OMX. “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.”
Serge Sargsyan, Prime Minister of the Republic of Armenia, added: “We are delighted that OMX has decided to participate in developing the Armenian capital market. The Armenian government and the Central Bank of Armenia are truly committed to this task and we will do all we can to help OMX achieve the mutually set goals.”