WSE is on the road to privatization with non-profit status

The Treasury currently owns 98.6%. WSE has thereby relieved itself of non-profit status which obliged it to plow its profits into new investments or to be held in reserves. The move is a step towards the privatization of the exchange "but I'm not able to say when it could happen," said Marek Wierzbowski, WSE council president. Brokerages say the stock exchange shares should not be offered "on a commercial basis" since they [the brokerages] contributed to the exchange's "development and the increase of its book value," said Krzysztof Wantola, Brokerages Chamber president. (Prawo i Gospodarka, page 8)