|
Wednesday, 11 August, 2010 |
|
The latest round of stock exchange privatisations is in full swing with both the Warsaw and Bulgarian Stock Exchanges announcing plans to privatise before the end of the year. While the exchanges of Austria, Hungary, Czech Rep and Slovenia consolidated under the CEESEG Group last year, the remaining independent exchanges are nervously looking around for eligible partners, as fewer options remain.
The Ministry of Treasury, the major shareholder in The Warsaw Stock Exchange has announced a planned sale of 65% of the shares, and have stated that no shareholder will be able to exercise more than 10% in voting rights. And the Bulgarian Stock Exchange is restructuring their capital so the Ministry of Finance will hold over 50% of the bourse, and have admitted they’re seeking a ‘strategic investor’.
Perhaps WSE and BSE could consider an alliance as it is doubtful they will attract any suitors with their current offering?
Jim Micklethwaite, Associate Director, Capital Market Infrastructure
jmicklethwaite@thomasmurray.com |
