Ruling on Dubai's OMX bid due next week

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Sweden's Financial Services Authority (FSA) will decide on November 12 on the suitability of Borse Dubai as a potential owner of Nordic and Baltic exchange group OMX, a spokeswoman said on Tuesday.

Borse Dubai sweetened its bid for OMX in late September, offering $4.9 billion for the firm. In a complex deal, Borse Dubai will then sell on OMX to Nasdaq for a stake in the combined firm.

"There is a board meeting on November 12 at 9am [0800 GMT]," FSA spokeswoman Helena Ostman said.

She said the FSA would probably announce its findings sometime after lunch.

Potential owners of OMX must seek approval from the regulator for taking a significant stake in the company, which owns and operates exchanges in the Nordic and Baltic regions.

The FSA has already approved Nasdaq.

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