Treasury Minister unveils his vision for the WSE

However, Treasury Minister Wojciech Jasinski told a Central Eastern European Market Forum held in the WSE on Thursday that the government intends to keep control over the institution and rules out any outright sale to a rival exchange. Although he was low on specifics, the Minister said stakes of 5 to 10% would be offered to the country's financial services firms, investment funds and pension funds, with the Treasury retaining 51% of voting rights. The Treasury also intends to help WSE fund its acquisition plans in the region (the WSE is vying to buy the Bulgarian and Slovanian stock markets). The Treasury hopes to raise zl.3 billion from a string of IPOs on the WSE this year, with LOT set to be the biggest. (Rzeczpospolita, p. B1) R.M.