WSE in talks to acquire Tel Aviv Stock Exchange

According to Parkiet daily, Warsaw Stock Exchange was invited to bid on the 72 percent stake in the Tel Aviv Stock Exchange. The value of the transaction is estimated at some PLN 490 million. WSE confirmed that, along with the state-run Polish Development Fund, it had filed a non-binding offer. Other bourses invited to the tender include London and Singapore ones. However, according to the Polish media, WSE is not in a lost position. “On one hand, it could be a bridgehead to build a strong stock market player, and on the other investors would get completely new opportunities, as the Tel Aviv exchange is famous for technology companies and innovative startups,” Rzeczpospolita daily wrote.