Tuesday, September 27, 2005
Icelandic Stock Exchange wants to merge with OMX and LSE
27/09/2005
Story: Icex, the Icelandic stock exchange, wants to merge with Nordic stock exchange, OMX, and London Stock Exchange (LSE). According to a report from the German paper Financial Times Deutschland, the head of Icex’s managing director Thordur Fridjonsson stated in an interview with the paper that a merger of LSE OMX, Icex and the Oslo stock exchange would be “most attractive”. The report added that OMX, which comprises the stock exchanges in Stockholm, Copenhagen, Helsinki and the Baltic States, has been interested in Icex and the Oslo stock exchange for a while but both companies so far made no efforts to merge with OMX. Fridjonsson added that OMX would even become more attractive as a merger partner should it decide to cooperate with LSE and he added that Icex’s board will decide by year-end if it will enter merger talks with OMX. The report stated that this statement is leading to the assumption that talks between LSE and OMX are already being held. OMX did not wish to comment on the matter. OMX and Boston Consulting Group (BCG) have already presented a concept for a potential merger.
OMX has a stock exchange value of EUR 1.2bn.
Source: Financial Times Deutschland
Value: €1,200m (OMX stock exchange value)
Story: Icex, the Icelandic stock exchange, wants to merge with Nordic stock exchange, OMX, and London Stock Exchange (LSE). According to a report from the German paper Financial Times Deutschland, the head of Icex’s managing director Thordur Fridjonsson stated in an interview with the paper that a merger of LSE OMX, Icex and the Oslo stock exchange would be “most attractive”. The report added that OMX, which comprises the stock exchanges in Stockholm, Copenhagen, Helsinki and the Baltic States, has been interested in Icex and the Oslo stock exchange for a while but both companies so far made no efforts to merge with OMX. Fridjonsson added that OMX would even become more attractive as a merger partner should it decide to cooperate with LSE and he added that Icex’s board will decide by year-end if it will enter merger talks with OMX. The report stated that this statement is leading to the assumption that talks between LSE and OMX are already being held. OMX did not wish to comment on the matter. OMX and Boston Consulting Group (BCG) have already presented a concept for a potential merger.
OMX has a stock exchange value of EUR 1.2bn.
Source: Financial Times Deutschland
Value: €1,200m (OMX stock exchange value)
