LONDON (Thomson Financial) - The Dubai International Financial Centre (DIFC), the owner of the country's stock exchange, is planning a counterbid for OMX AB, the Scandinavian exchange, according to the Sunday Times in an unsourced report.
On Friday, OMX agreed a 1.9 bln stg offer from the US' Nasdaq.
The paper claimed DIFC has appointed HSBC to advise it on a counterbid. The move underlines the international ambitions of the tiny Gulf state, the Sunday Times said. amy.brown@thomson.com jsa COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.