Stock exchange sale one step closer
The tender is being offered to select an advisor who will prepare a pre-privatization analysis, recommend a privatization strategy and then potentially prepare and conduct the sale.
The successful parties-Rotschild, a consortium of McKinsey & Company, Ernst & Young and the brokerage wing of Pekao SA, as well as a second consortium of Citigroup and Bank Handlowy Brokerage House-received invitations to further negotiations.
Two consortia-made up Raiffeisen, the brokerage wing of PKO BP and A&E Consult, and a second formed from KPMG, BNP Paribas and the Penetrator brokerage-were rejected by the Treasury.
Candidates had until October 20 to update and complete their original bids. All parties had met the deadline. Poland's strategy for capital market development for 2004 to 2010, the Warsaw City Agenda, calls for privatization of the Warsaw Stock Exchange next year.
Treasury officials have spoken of finding a strategic investor for the bourse, with the WSE's trading systems partner, Euronext, frequently mentioned amongst leading candidates. (J.T.)
The successful parties-Rotschild, a consortium of McKinsey & Company, Ernst & Young and the brokerage wing of Pekao SA, as well as a second consortium of Citigroup and Bank Handlowy Brokerage House-received invitations to further negotiations.
Two consortia-made up Raiffeisen, the brokerage wing of PKO BP and A&E Consult, and a second formed from KPMG, BNP Paribas and the Penetrator brokerage-were rejected by the Treasury.
Candidates had until October 20 to update and complete their original bids. All parties had met the deadline. Poland's strategy for capital market development for 2004 to 2010, the Warsaw City Agenda, calls for privatization of the Warsaw Stock Exchange next year.
Treasury officials have spoken of finding a strategic investor for the bourse, with the WSE's trading systems partner, Euronext, frequently mentioned amongst leading candidates. (J.T.)
