YEREVAN, July 5. /ARKA/. Polish President Andrzej Duda said at a meeting in Warsaw with Armenian National Assembly Speaker Alen Simonyan that last year he personally supported the deal between Armenia’s Securities Exchange (AMX) and the Warsaw Stock Exchange, being convinced that the development of the economy also strengthens Armenia’s sovereignty, the Armenian parliamentary press service reported.
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-
