2024-06-19 21:39:03
On June 28, in Yerevan, the Chairman of the Central Financial institution of Armenia, Martin Galstyan, and the Chairman of the Governing Board of the Warsaw Inventory Change (WSE), Marek Dietl, signed the settlement on the sale of the management bundle of the shares of the Armenian Inventory Change (SSE), studies the Central Financial institution of Armenia.
“We take into account this funding as a long-term and strategic partnership. Our objective is to collectively develop the capital market of Armenia and our enterprise within the area. We additionally anticipate to develop capital market infrastructure, which is able to allow companies to draw steady and reasonably priced capital, and society to handle financial savings and investments in a extra specialised method,” stated Marek Dietl, Chairman of the Governing Board of the Warsaw Inventory Change.
“We consider that this is a crucial stage within the improvement of Armenia’s capital market. Having discovered a accomplice just like the Warsaw Inventory Change and realizing that we now have the identical imaginative and prescient, we consider that this transaction could be a turning level within the historical past of the capital market of Armenia. Utilizing the expertise and data of the Warsaw Inventory Change, FBF has the complete potential to develop and turn into a strong inventory market that may have the ability to face the challenges of the twenty first century,” stated Martin Galstyan, Chairman of the RA Central Financial institution.
Let’s remind that the intention to accumulate FBF by VBF was introduced on September 18, 2020, after which the required research had been carried out, a improvement plan for the following 5 years was developed, and the required company approvals had been carried out. In the long run, On the session of Could 24, the Council of the Central Financial institution of Armenia agreed to the implementation of the transaction.
In line with that, VBF acquires 65.03 % of FBF shares (967 shares), the Central Financial institution of Armenia will retain 25.02 % participation, the remaining 9.95 % are FBF’s personal shares. The worth of the transaction is about 873 million AMD, a part of which, about 499 million AMD, shall be paid after the signing of the Share Buy Settlement, and the remaining half after the completion of the processes supplied for within the Share Buy Settlement.
VBF organizes buying and selling in shares, bonds, derivatives, shares of funds and different devices. It is likely one of the largest markets in Central and Jap Europe. in 2022 As of the tip of Could, the market capitalization of 376 listed native corporations was 585.8 billion zlotys (128 billion euros), and the entire market capitalization of 421 native and overseas listed corporations was 1,165.2 billion zlotys (254.6 billion euros).
FBF is the one operator of the regulated securities market working in Armenia, which presents a whole bundle of alternate providers: itemizing, buying and selling, clearing and data providers, different alternate options. At present, 28 corporations are listed within the FBF.