Within the next 60 days, Borse Dubai will find out if the wrist-slap it got this week from Sweden’s Financial Supervisory Authority (FSA or, to avoid confusion with the UK regulator, the FI from the Swedish FinansInspektionen) will end its pursuit of OMX.
What happened is this: the Dubai group disclosed ownership of a 4.9% stake in OMX, but also quietly accumulated options on another 23.5%, giving it the ability to own 28.4% – provided the FI gives it approval to hold more than 10%, as is required under Swedish law.
