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Details emerge on OMX deal
- United Arab Emirates: Thursday, September 20 - 2007 at 14:19
Nasdaq and Borse Dubai joined forces today to buy Nordic exchange OMX and create 'a global financial marketplace' in which state-owned Borse Dubai will acquire key stakes in the London Stock Exchange and Nasdaq, reported Reuters. Under the deal, Borse Dubai will have a 20% stake in Nasdaq, while Nasdaq will take a strategic stake in Dubai International Financial Exchange, which will be rebranded with the Nasdaq name and licensed to use Nasdaq and OMX market technology.
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Jeff Florian, Senior ReporterThursday, September 20 - 2007 at 14:19 UAE local time (GMT+4)
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