CeTO to be revolutionized following acquisition by MTS

MTS Group, an Italian-based European Bond Market, recording an daily average turnover of EUR 75 million will take over a stake in the CeTO over-th e-counter market. "We plan to acquire a share in CeTO of between 20% and 25%. However, concrete talks will begin after we carry out a detailed financial analysis. Besides a capital injection, the Polish company will obtain a broader access to foreign financial markets," said Gianluca Garbi, the president of MTS. The investor will grant access to Telematico, its transactional platform for trading bonds, which will be implemented, a ccording to Janusz Czarzasty, the head of CeTO, in the middle of next year. "We are sure it will be this year's largest event on the financial market. MTS' technology based on a huge distribution network will increase the liquidity in the trade of securities," added Czarzasty. Monthly turnover recorded on the CeTO market amounts to between zł. 25-30 billion. (Puls Biznesu, p. 8; Parkiet, p. 5) A.K.