Talks between the Warsaw Stock Exchange and the CEE Stock Exchange Group on a possible capital alliance are not nearing a conclusion yet, Michael Buhl, chief executive of CEESEG told Austrian daily Wirtschaftsblatt in an interview published on Wednesday.
“We respect one another, are in contact and talk. But the discussions will probably go on for some time still,” Mr Buhl said.
“While we have been growing slowly, [the bourse in] Poland has developed very rapidly, with a lot of help from pension funds. But now [the pension system] is before a major overhaul and we will see what influence that will have on the stock exchange,” the CEO explained.
WSE CEO, Adam Maciejewski said that 2014 will be “crucial” for the negotiations between Warsaw and Vienna bourses.
This week the Warsaw bourse approved its strategic plan until 2020. Some of its details will be revealed to public in January.
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