WSE out of PSE race

The Warsaw Stock Exchange's plans to fortify its position in the CEE region were damaged last week when it was snubbed by the Prague Stock Exchange (PSE), which did not invite it for negotiations on investing in the Czech bourse. The deadline for submitting offers was August 31.

"I am surprised by this move and the lack of action from the supervisory bodies of current shareholders in Prague," Deputy Treasury Minister Michał Chyczewski told Rzeczpospolita daily.

The WSE, which lists 366 companies, was apparently excluded from talks due to the fact that it is a state-controlled stock exchange.

Meanwhile, the president of the stock exchange in Vienna, Heinrich Schaller, the largest competitor to WSE in the CEE region, declared that his bourse would submit a bid.