The management and supervisory boards of the Warsaw Stock Exchange (GPW) have approved the acquisition of the Armenia Securities Exchange (AMX), the Polish bourse announced on Thursday.
Subject to a due diligence report, the deal would see the Warsaw Stock Exchange assume a 65% stake of the exchange and place Armenia’s capitals market on a fast track to growth.
The share of each participant will be calculated depending on its free float, the amount of shares that are in the public’s hands. The share of the biggest companies will be capped at 10 percent.
In 2017, the greatest share in trading on the main market of the Warsaw Stock Exchange (GPW) was conducted by foreign investors, who generated 53 percent of turnover in stocks, as much as the whole of 2016, the GPW announced on Friday.
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