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Business - OMX buys Icelandic stock exchange

Published tisdag 19 september 2006 kl 12.08
Even bigger: OMX buys the Icelandic Stockh Exchange

OMX, the company which groups all the Nordic and Baltic stock exchanges except Oslo, has signed an agreement in principle to buy the Icelandic stock exchange. OMX said that its offer was worth 35 million US dollars in new shares.

Both sides in the deal said that it was a further step towards an integrated Nordic and Baltic securities market - something that they hope will increase intra-nordic trading and international exposure.

Today OMX runs the stock exchanges in Copenhagen, Stockholm, Helsinki, and in the three baltic capitals of Riga, Tallinn och Vilnius.

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