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WSE aims for dominance in CEE

17th January 2014
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Warsaw's bourse wants to merge with Vienna's CEESEG this year

The Warsaw Stock Exchange

Poland's Warsaw Stock Exchange wants to have a dominant position in the Central and Eastern Europe region by 2020, said its CEO Adam Maciejewski announcing the bourse's plan for the 2014-2020 period.

According to Maciejewski, WSE will consider takeovers and mergers with top industry players to achieve its goals.

He said that he plans for a merger with Vienna’s CEESEG to be finalized in 2014 and that WSE could hold a share issue to finance it.

“We are now waiting for the green light from our shareholders to start the second phase of the deal, which we expect quite soon. The second phase will include due diligence. I hope that we can reach an agreement this year. … The overall aim of a merger of this type is relatively easy to imagine: one order book for the whole region and integrated clearing. This should be the long term goal if a deal is reached,” Maciejewski said in an interview with Financial News website.

“In 2020 our ambitions will be much bigger than just our region. Our possibilities will be much greater and we will be an attractive partner for a very large industry entity,” Maciejewski added.

Poland A.M.

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