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Sweden to Give Dubai OMX Ruling on Nov. 12 - ASHARQ AL-AWSAT English Archive
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STOCKHOLM, (Reuters) – Sweden’s Financial Services Authority will decide on Nov. 12 on the suitability of Borse Dubai as a potential owner of Nordic and Baltic exchange group OMX, a spokeswoman said on Tuesday.

Borse Dubai sweetened its bid for OMX in late September, offering $4.9 billion for the firm. In a complex deal, Borse Dubai will then sell on OMX to Nasdaq for a stake in the combined firm.

“There is a board meeting on Nov. 12 at 9 a.m. (0800 GMT),” FSA spokeswoman Helena Ostman said.

She said the FSA would probably announce its findings sometime after lunch.

Potential owners of OMX must seek approval from the regulator for taking a significant stake in the company, which owns and operates exchanges in the Nordic and Baltic regions.

The FSA has already approved Nasdaq.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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