The Gulf of finance
October 1, 2007
Overtaking Nasdaq’s 208.1 kronor offer by 11 percent, Borse Dubai is en route to purchasing at least 25 percent of OMX shares for 230 kronor each. Nasdaq would like to see Sweden’s OMX, the biggest Nordic exchange operator, as an opportunity to grow across the Atlantic to compete with the NYSE Group which procured Euronext in April. Nasdaq failed to acquire the London Stock Exchange Group earlier this year. Dubai plans to invest in financial services to attract firms to the Gulf.
Entry Filed under: Global News. Tags: Borse Dubai, DUBAI BOURSE MAY BEAT NASDAQ TO OMX BID, Issue Sept - Oct 2007, Nasdaq, Shares, Stock Exchange.
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