YEREVAN, June 30. /ARKA/. The Polish side hopes that the Armenian side will fulfill its obligations to implement a program designed to develop the Armenian Securities Exchange (AMX), Polish Deputy Minister of Development and Technologies Grzegorz Piechowiak said Thursday at a meeting of the Armenian-Polish Intergovernmental Commission on Economic Cooperation held in Yerevan.
“The Warsaw Stock Exchange considers its involvement in Armenia a priority, where it has the full support of the Polish authorities. We hope that AMX and Armenian authorities will fulfill their obligations to develop the Armenian Securities Exchange, which is instrumental for the stock exchanges to succeed,” he said.
The Armenian Securities Exchange is the only regulating operator of the securities market in Armenia. AMX offers listing, trading, clearing and information services, as well as alternative exchange solutions.
The exchange settlements are performed by the Central Depository of Armenia, which is 100% owned by AMX.
On May 24, 2022, the Board of the Central Bank of Armenia approved the purchase of AMX by the Warsaw Stock Exchange (WFB). On June 28 of the same year, Armenian Central Bank Chairman Martin Galstyan and WFB Board Chairman Marek Dietl signed an agreement on sale of controlling stake in AMX.
WFB acquired 65.03% of AMX (967 shares), the Central Bank of Armenia holds 25.02% and the remaining 9.95% are AMX’s own shares. The cost of the deal is about AMD 873 million (about $2.2 million). -0-
