Warsaw Stock Exchange Opens Books To Potential Buyers -Source
August 12 2009 - 9:06AM
Dow Jones News
Parties interested in taking a stake in the Warsaw Stock
Exchange have been able to examine the company's books since the
beginning of this week, a person familiar with the matter told Dow
Jones Newswires.
The four consortia selected by the Polish government will have
until Sept. 25 to present a binding offer, the person said. The
consortia are led by London Stock Exchange Group PLC (LSE.LN),
Deutsche Boerse AG (DB1.XE), NYSE Euronext (NYX) and Nasdaq OMX
Group Inc. (NDAQ).
Warsaw Stock Exchange is hoping for a quick privatization,
management board chairman Ludwik Solewski told Dow Jones Newswires.
"There is a chance that it will be completed by the end of the
year," he said.
The Polish government, which owns almost all of the shares in
the Warsaw exchange, wants to sell up to 73.8% of the shares in the
bourse, which has Eastern Europe's highest trading volume.
A Deutsche Boerse spokesman declined to comment, citing a
confidentiality agreement. The London Stock Exchange and Euronext
also declined to comment.
-By Ruediger Schoss and Malgorzata Halaba, Dow Jones Newswires,
+49 69 29 725 511; ruedigeer.schoss@dowjones.com