Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
The Warsaw Stock Exchange
World exchanges

Warsaw Stock Exchange acquires Armenian Stock Exchange

30.09.2022
2 min read

The Warsaw Stock Exchange bought a controlling stake in the Armenian Marketplace

The Warsaw Stock Exchange (WFB) made a deal with the Central Bank to buy the Armenian Stock Exchange. The Polish site will now own a management stake in the company.
Representatives of the Warsaw Stock Exchange noted that the purpose of this acquisition is the desire to develop the financial market of Armenia, which has great potential in the region. The Polish company said it views the purchase of AMX as a long-term investment aimed at expanding business. One of the priority plans of the Warsaw Stock Exchange is to expand the infrastructure of the site, which will allow it to attract large capital and improve the processes at the trading site, making it more popular among local and foreign investors.
The representative of the Central Bank of Armenia is also confident in future fruitful partnerships with Polish colleagues. In his opinion, this deal will play a decisive role in the development of the capital market in the country. The experience of WFB is extremely useful for the Armenian venue as it will enable restructuring processes up to international standards.
It should be noted that WFB voiced plans to purchase the Armenian exchange back in 2020. Then the Warsaw platform carried out a comprehensive study of the company’s prospects and based on this a 5-year development program for the Armenian Stock Exchange was drawn up. After negotiations, the Central Bank approved the deal with WFB, as a result, the Warsaw Stock Exchange became the owner of 65% of the Armenian market. 25% remains with the regulator and the rest is managed by AMX itself. The transaction amounted to more than $2 million.The Warsaw Stock Exchange-2The WFB intends to carry out trading operations with securities and secondary financial instruments on the Armenian Stock Exchange. As for the Warsaw trading floor itself, as of the second quarter of this year, the securities of more than 420 companies, with a capitalization of about 255 billion euros, are presented here. Of that list, 376 names are local. Shares of 28 companies are traded on the Armenian Stock Exchange.
The WFB is considered one of the largest in Central and Eastern Europe. The market, as it is presented now, started operating in 1991, while the market of production instruments started operating in 1998. Even though the exchange has been operating for more than 30 years, it continues to develop and expand its services for participants.
The Warsaw Stock Exchange is interesting not only for companies from EU countries. It is an excellent platform for businesses of those states that want to become members of the European Union. For such companies, going on the WFB is a great chance to attract European capital and build new partnerships. The Warsaw Stock Exchange operates according to high EU standards, which ensure transparency of operations and a wide range of financial instruments.

Tags: World exchanges
0
Previous Post Velas Network AG conducted a transaction in space Next Post British conglomerate Swire acquires Coca-Cola bottling plants

You Might Also Like

Independent Reserve and DBS have been licensed by MAS Singapore
World exchanges
Independent Reserve and DBS are licensed to operate in the Singapore market
04.06.2022
Cryptocurrency exchange Binance
World exchanges
Cryptocurrency exchange Binance creates its marketplace for NFT-tokens trading
25.01.2022
shares withdrawal
World exchanges
More and more company owners prefer to withdraw their shares from stock exchanges
30.05.2021
American stock indexes
World exchanges
How U.S. stock indexes behave in the midst of coronavirus spreading
02.10.2020
LSEG
World exchanges
Major investors sold £2bn worth of LSEG shares
08.07.2023
Italian exchange
World exchanges
The Italian exchange Borsa Italiana may soon change its owner
19.06.2021

Recent Posts

  • 1Padmasree Warrior business
    Businesswoman Padmasree Warrior’s career path
    26.09.2023
  • 2Raytheon
    How the Raytheon Company gave the world microwaves and the Patriot system
    24.09.2023
  • 3Forex drawdown
    Forex drawdown and why you shouldn’t be afraid of it
    22.09.2023
  • 4investment in Turkey's steel industry
    Yıldız increases investment in the Turkish steel industry
    20.09.2023
  • 5Abu Dhabi Exchange
    The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
    18.09.2023

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Padmasree Warrior business
Businesswoman Padmasree Warrior’s career path
26.09.2023
Raytheon
How the Raytheon Company gave the world microwaves and the Patriot system
24.09.2023
Forex drawdown
Forex drawdown and why you shouldn’t be afraid of it
22.09.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Rise in gold prices: reasons for increased interest in the metal
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics