The Treasury will on Friday vote at the Warsaw Stock Exchange's general meeting to ensure it retains control of the institution after its initial public offering later this year. The Treasury intends to offer about 63 percent of its 98.9 percent stake in the WSE in the IPO.

“The changes will enable the Treasury to have influence over important strategic decisions [at the WSE] and to protect the exchange from an un-controlled takeover,” the Wall Street Journal reports Deputy Treasury Minister Joanna Schmid as saying.

If the changes are agreed upon, current WSE shares will be turned into preferred shares, meaning holders will have two votes for every share they own.

The shares offered at IPO, however, will not have the “preferred” status, meaning the Treasury will be left with 52 percent of the votes, and de facto executive control.