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ICEX unites with OMX Nordic Stock Exchange

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ICEX unites with OMX Nordic Stock Exchange

The 25 Icelandic companies registered in the Iceland Stock Exchange (ICEX) were listed at OMX Nordic Exchange yesterday. From now on the companies will be introduced alongside other Nordic companies.

An agreement regarding the merge of ICEX and OMX was reached late last year. Yesterday’s measures were part of that agreement, Fréttabladid reports.

Director of ICEX Thórdur Fridjónsson said the merge is expected to be finalized by the end of this year.

Nine of the 25 companies will be categorized as major companies, ten as medium companies and six as minor companies. They will also be part of OMX’ Nordic indexes.

Director of OMX Jukka Ruuska said the Icelandic market was unique in many ways due to its growth in the last few years and pointed out that Icelandic companies would make up nearly one tenth of major companies on the Nordic listing.

To mark the turning point in ICEX’ history, Minister of Finance Árni M. Mathiesen rang the bell at ICEX yesterday morning to open a new day of business.

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