Borse Dubai has acquired the right to own up to 27.4% of OMX, fuelling the rumours previously reported by FO Week, that it is to rival Nasdaq for control of the Nordic exchange (see FO Week 01/06/2007).
Borse Dubai, a consolidation of Dubai Financial Market and Dubai Financial Exchange, revealed that it had purchased OMX shares and options, in what the group described as “book building”. Borse Dubai purchased...