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The WSE will take over the Armenian stock exchange. A decision had been made

Added that the purchase price is PLN 826 million 297 thousand 550 Armenian dramas, i.e. almost PLN 8.5 million. The seller is the Central Bank of Armenia (CBoA), which currently holds 90.05 percent. participation in the share capital of AMX.

The WSE will take over the Armenian stock exchange

As she reported WSEAfter the transaction is completed, AMX will have 148 treasury shares, representing 9.95% of the total. share in the share capital of the company, CBoA will have 372 shares, representing 25.02 percent. of the company’s capital, and the WSE will have 967 shares controlling 65.03 percent. stock exchange capital.

WSE in September 2020 signed an agreement with the CBoA on negotiations for the purchase of the majority stake in AMX. The Warsaw Stock Exchange announced then that it intends to actively participate in the management and development initiatives of the stock exchange in Armenia.

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“We want to show that we are able to support capital markets at the unclassified or frontiers stage. We want to show that we can create added value. We hope that this will open up opportunities for further acquisitions among less developed markets,” said Marek Dietl, the president of the Warsaw Stock Exchange.

AMX organizes trading in financial instruments and operates a depository and clearing house for trading in financial instruments in Armenia.

Source:

PAP

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