|The Warsaw Stock Exchange|
Courtesy of the Warsaw Stock Exchange
The CEE Stock Exchange Group (CEESEG), which controls the Vienna Stock Exchange and others, is interested in the further consolidation of stock exchanges in the region, the company's representatives told the Polish Press Agency (PAP). In the company's opinion, cooperation with the Warsaw Stock Exchange could attract more investors and increase turnover. The two bourses revealed in April that they were in preliminary merger talks.
CEESEG chief executive Michael Buhl told PAP that talks with the WSE have “gained momentum,” but time to discuss key issues is necessary. “We must work out a common concept that will be advantageous for all shareholders and for the market,” he said.
Petr Koblic, a management board member at CEESEG and the CEO of the Prague Stock Exchange, said that the idea to cooperate with the WSE is not new. “It is absolutely obvious that it would bring profits for local investors, for the economies of the region,” he said.
Mr Buhl however stressed that cooperation with the WSE is not his company's only option. “If it does not work out, no problem. We have many ideas how to diversify revenues and increase turnover,” he explained.
From Warsaw Business Journal
Newag shares soar on first day of trading
Siódemka mulling IPO - sources
End of the year rush to WSE
Capital Park reveals details of its IPO
PKP Cargo shares soar on first day of trade
Will cabinet reshuffle save PO?
BY Remi Adekoya
What’s next for Jarosław Gowin?
BY Remi Adekoya