WSE looks to snap up shares in Ukrainian bourse

Daily Parkiet has learnt that the floor's authorities have already met with representatives of the WSE, while the president of the Ukrainian firm will come to Warsaw on Monday to discuss details of cooperation. The decision concerning cooperation will be taken within a few weeks, while competitors include Austrian bourse and OMX. Terms of future cooperation envisage dual listing of Ukrainian companies. Ludwik Sobolewski, president of the WSE, claimed that the bourse might purchase stakes in one of the Ukrainian stock exchanges. However, "The market has to be created from the scratch. Currently our floor is almost tradeless and we are short of specialists who could develop it," said Piotr Pierewierziew, president of UMWB.