Peter Larsson in Dubai

Possible Counter Offer for OMX

An investment fund owned by the state of Dubai is reportedly considering making a counter offer for the Nordic Stock Exchange OMX, which has agreed to be bought by the American stock market NASDAQ.

The Dubai International Financial Center operates from the Stock Exchange in Dubai and chief executive Per Larsson is a former head of the OMX.

OMX accepted a 3.7 billion US dollar offer from NASDAQ on Friday, subject to share-holder approval.

OMX owns stock exchanges in Stockholm, Copenhagen, Helsinki, Reykjavik and in the three Baltic republic capitals, Riga, Tallinn and Vilnius.

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