Shares suspended in OMX

The trading of shares in the Nordic market operator OMX was suspended on Wednesday on the Stockholm stock exchange until further notice, a statement from the exchange said.

“The trading in OMX AB shares is suspended until further notice. Information is expected later today,” said the statement.

OMX looked set last week to become the centre of takeover bidding battle between Gulf rivals Dubai and Qatar.

Dubai market operator Borse Dubai and US group Nasdaq came to an agreement to acquire OMX jointly, but a state-owned Qatari investment fund has bought 9.98 percent of the group and urged OMX shareholders “to take no action” on the Nasdaq/Borse Dubai offer.