OMX, the leading expert in the exchange industry, and the Government of Armenia have signed a Share Purchase Agreement regarding the acquisition of the Armenian Stock Exchange and the Central Depository of Armenia.
Under the agreement, signed on November 21, OMX buys 100 percent of the shares in the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). The shares will be transferred to OMX on January 3 2008. The acquisition is carried out in accordance with the plan set out in a Letter of Intent signed by the parties on April 28 2007.

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.

“I am delighted to welcome OMX to the Armenian market. The Government of Armenia considers capital market development a key success factor for the further growth of the economy, and we are truly committed to...