Within the framework of the World Economic Forum held in Davos, on May 24, CEO of the Warsaw Stock Exchange Marek Dietl and CEO of the Armenian Stock Exchange Hayk Yeganian, in the presence of President of the Republic of Armenia Vahagn Khachaturian and President of the Republic of Poland Andrzej Duda, signed a Letter of intent on the acquisition of 65.03% of shares of the Armenian Stock Exchange by the Warsaw Stock Exchange.  

The signing of the master contract will take place in Armenia in June.

It should be reminded that on its May 24 sitting, the Board of the Central Bank of Armenia gave its consent to the acquisition of the Armenian Stock Exchange by the Warsaw Stock Exchange.



According to the agreement, the Warsaw Stock Exchange (GPW) will acquire 65.03% of shares of the Armenian Stock Exchange (AMX) (967 shares in total). The Central Bank of Armenia will maintain 25.02% of shares, and the remaining 9.95% are the AMX’s own shares.

The value of the transaction will be about AMD 873 million, a part of which (about AMD 499 million) will be paid after signing the Share Purchase Agreement, and the rest, after completion of processes established by the Share Purchase Agreement.