Bourse sale remains on course
A consortium of McKinsey & Co, local bank Pekao's brokerage house, and Ernst & Young has been chosen to advise on the planned sell-off of the Warsaw Stock Exchange.
The consortium was one of three short-listed bidders, along with Rothschild and a consortium led by Citigroup.
Several western European bourses have expressed interest in the privatization of the Warsaw bourse, the region's biggest with a market capitalization of nearly zł.320 billion.
Consolidation of Eastern Europe's stock markets heated up last year, with the Vienna Stock Exchange taking a stake in the Budapest bourse and Nordic exchange operator OMX buying the Vilnius exchange.
Both Vienna and OMX are now eyeing the Warsaw market, which has also drawn some interest from heavyweights such as the pan-European bourse operator Euronext, the London Stock Exchange and Frankfurt's Deutsche Boerse.
Bourse chief Wiesław Rozłucki said in January the stock exchange was worth more than EUR 100 (zł.400) million.
He said it could be sold to a strategic investor, a group of private investors, through a public listing or a combination of these. (Reuters)
L.M.
The consortium was one of three short-listed bidders, along with Rothschild and a consortium led by Citigroup.
Several western European bourses have expressed interest in the privatization of the Warsaw bourse, the region's biggest with a market capitalization of nearly zł.320 billion.
Consolidation of Eastern Europe's stock markets heated up last year, with the Vienna Stock Exchange taking a stake in the Budapest bourse and Nordic exchange operator OMX buying the Vilnius exchange.
Both Vienna and OMX are now eyeing the Warsaw market, which has also drawn some interest from heavyweights such as the pan-European bourse operator Euronext, the London Stock Exchange and Frankfurt's Deutsche Boerse.
Bourse chief Wiesław Rozłucki said in January the stock exchange was worth more than EUR 100 (zł.400) million.
He said it could be sold to a strategic investor, a group of private investors, through a public listing or a combination of these. (Reuters)
L.M.
