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GulfNews.Com- Borse Dubai, the holding company of Dubai Financial Market and the Dubai International Financial Centre that controls 28.4 per cent shares of OMX is likely to find the support of hedge funds and institutional investors, according to investment bankers and analysts.
Currently, Borse Dubai is the single largest shareholder in OMX. The Dubai firm has purchased 4.9 per cent ordinary shares of OMX at 230 Swedish crowns per share.
In addition, a wholly-owned subsidiary of Borse Dubai has entered into option agreements to purchase another 23.5 per cent of OMX ordinary shares.
Although the board of OMX AB, the Swedish government and the Sweden’s Financial Services Authority are yet to officially react to Borse Dubai’s offer to acquire 100 per cent shares in OMX, analysts said that the current shareholding structure of the Nordic exchanges group will help the Dubai firm to reach its target of acquiring controlling stakes in OMX.
