WSE mulling selling Aquis stake

WSE-listed operator of the Warsaw Stock Exchange GPW will launch talks for the potential sale of its 20.3 percent stake in the European equity trading platform Aquis, the company said in a market filing. The sale is conditional on Aquis going through with its planned IPO. “The terms, conditions and parameters of any transaction will be subject to negotiations. The conclusion of a possible contract will depend on the satisfactory results of the negotiation process and obtaining the required corporate and administrative approvals,” WSE said. Aquis Exchange Limited is a British company that operates a pan-European stock trading market in the form of a multilateral trading platform. WSE acquired a 30 percent stake in the company for £5 million back in 2013. Through a number of subsequent share issues, the stake was lowered to 20.3 percent.