Sweden's financial regulator will decide Nov. 12 on suitability of Borse Dubai as owner.
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.