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WSE likely to bid EUR 100 million for Prague bourse

President Ludwik Sobolewski of the Warsaw Stock Exchange told radio PiN on Wednesday that they are planning to make an offer to take over the Prague Stock Exchange within the next few days. "I cannot imagine that the Warsaw Stock Exchange, which aspires to being an important player in the region, could do otherwise," said Sobolewski. 

It is however possible that the bid will be immediately rejected by the Prague shareholders.

The value of the transaction is assessed at euro 100 million. At the end of June, 33 companies were quoted on the Prague stock exchange, their capitalization amounted to euro 77 billion.

Sources: Parkiet, Polish Radio

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