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DIFC remains silent on OMX
DUBAI — Shares in Sweden's OMX AB, the country's stock exchange and technology group, rose almost 6 per cent yesterday following speculation that the Dubai International Financial Centre (DIFC) could be about to trump Nasdaq's $3.7 billion offer for the group.
A DIFC spokesperson yesterday continued to refuse to confirm or deny the mounting speculation that it would be putting in a counter-bid to top Nasdaq's offer.
Dismissing local Press comment that it had denied a bid, the DIFC said: "I can neither confirm nor deny a market rumour. There is no comment on our side."
Speculation about a possible bid has been mounting since Britain's Sunday Times said the DIFC had appointed HSBC to advise on a potential bid. It did not reveal the source of the information.
Analysts are not convinced that a bid is likely, however. They believe that if the DIFC had intended to make a move for OMX AB it would have done so much sooner, not least because DIFC chief executive, Per Larsson, was a former OMX chief executive and knows the current chief executive, Magnus Bocker.
OMX AB has three divisions one of which is OMX Exchange. This offers access to approximately 80 per cent of the Nordic and Baltic securities markets, which includes stock exchanges in Copenhagen, Stockholm, Helsinki, Tallinn, Riga and Vilnius.
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